Shocked at the 5p Fuel cut?
Who could have predicted that?
As ever, the Government in their Spring Statement are happy to play the cynical nice guy, making a 5p cut in Fuel tax which actually still leaves them raising taxes over what they expected this year.
Together with the very high levels of inflation, at over 6% now and heading for 10% as we can all see, is also the rise in NI to pay for the social care fund. yes, a small adjustment to NI thresholds will help the lower paid.
But overall, this is a high level of financial repression. Let’s not mess about, we are here at the start of the recession today. Never has there been this level of energy costs across the world without causing a recession, and that is before we factor in the cost of food thanks to the war in Ukraine too.
Yes the government is worried about paying for the (ongoing) pandemic, but to raise tax and interest rates in the face of rapidly collapsing demand and confidence is idiocy. You can’t tax your way out of this hole. the better strategy to to engender growth a bit faster than planned, with a more conducive environment for business. Unfortunately, the Tories are very lost here, we have high levels of business taxes, unreformed rates and constantly rising personal taxes. Mr Laffer has been long ago executed.
Rishi Sunak will regret this statement at leisure, it will be the thing that kills the Tory chances for an election or two. The fact they won’t feel that today is ironic, the blows will come with the economic headwinds later in the year.
Source: http://www.cityunslicker.co.uk/2022/03/shocked-at-5p-fuel-cut.html
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Please Help Support BeforeitsNews by trying our Natural Health Products below!
Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomic.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomics.com M - F 9am to 5pm EST
Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!
HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation.
Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.
MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)
Oxy Powder - Natural Colon Cleanser! Cleans out toxic buildup with oxygen!
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.
Smart Meter Cover - Reduces Smart Meter radiation by 96%! (See Video).