The headlines today are, of course, all about the Chancellor sending presents to every household, with many of the poorest getting over £1,000 to help with the cost-of-living crisis. How nice of him and his fawning cabinet accessories to try and solve a crisis of their own making.
Not only have the Tory leadership found Jeremy Corbyn’s magic money tree, but they also seem to have found a way to grow it to many times its original size. We now have the absurd situation of this beleaguered government printing and borrowing lots of money to solve a crisis caused by printing and borrowing lots of money. It's a classic exercise in making themselves look useful.
The chancellor’s latest plan to dish out £15 billion can’t be covered by one year’s “Windfall Tax” on the energy companies. It is set to be clawed back over three years, by taking away 25% of their profits. This will no doubt mean that energy prices will have to rise even higher to cover the losses to shareholders. Will next year’s subsidy – for there will surely be another – be paid for in years 4, 5 and 6? In essence, it is an ever-rising spiral of debt and inflated prices – all courtesy of your less than benevolent leaders.
Releasing this mini budget on the same day as the Sue Gray report was, I’m sure, complete coincidence and has nothing to do with the rising numbers of Conservative MPs who have submitted letters of no confidence in the most left-wing, authoritarian Prime Minister in my lifetime. The BBC say they are aware of 18 who have openly done so, with 54 needed to spark a leadership contest. Only the chairman of the 1922 Committee, Sir Graham Brady, will know the precise number.
John O’Connell, chief executive of the Taxpayers’ Alliance, said it wasn’t a cost-of-living crisis at all. Instead, his description of it as a “cost of government crisis” rings far truer.
"Taxes are the single biggest bill families face and these huge handouts will see politicians hoovering up the incomes of struggling taxpayers, creating a cost of government crisis.” he said.
It is yet another example of recent governments, both red and blue, involving themselves in areas where they should really keep their noses out. In trying to out tax and spend their opponents, the current blue socialists are aiming for as close a one-party state as they can make it. Scary times – especially for the younger elements of society who will have to pay for it all.
Martin Day - Party Secretary