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Other People Will Pay

Tuesday, April 9, 2024 4:09

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Labour to launch £5bn crackdown on tax avoiders to close gap in spending plans

Rachel Reeves has said an incoming Labour government would launch a £5bn crackdown on tax avoiders to close a gap in its spending plans exposed by Jeremy Hunt scrapping the non-dom regime to finance tax cuts.

Warning households and businesses that Labour was prepared to adopt tough measures to tackle tax fraud and non-compliance, Reeves said the funding would be used to pay for free school breakfast clubs and additional NHS appointments.

It is remarkable how certain adults nurture within themselves such a dismal collection of futilities as represented by this commonplace but abjectly typical example. The ability doesn’t appear to demand much training either.

Yet there is not the smallest, most minute nano-possibility that this magical £5bn will behave itself and do two things -

Turn up as planned.
Fail to disappear without trace into the gaping maw of the public sector.

Every adult in the room knows this, even those who have trained themselves to stand up on their hind legs and claim otherwise. Every adult in the room knows it is merely an opportunity to emit certain words and phrases thought to suggest that other people will pay.

They won’t.

Source: https://akhaart.blogspot.com/2024/04/other-people-will-pay.html

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