More responses to the budget
"Rachel Reeves and Keir Starmer are using our money to save their jobs."
(Kemi Badenoch)
"A shambolic benefits budget paid for by workers."
(Michael Simmons in the Spectator)
"Rachel Reeves pledged during the election not to raise taxes on working people. She pledged 12 months ago she wouldn’t come back this year and raise taxes on working people. She’s just raised taxes on working people. That’s it. That’s the Budget."
(Dan Hodges)
"This is a watershed moment in our economic history that will consign Britain to a Lost Decade
With a smirk that says if you work hard and save prudently I'm coming for you, Reeves launches 43 tax rises in spiteful raids on strivers"
(Andrew Neil in the Daily Mail)
"Commentary has concentrated on yet another huge tax hit in Rachel Reeves’ 2nd Budget — as well it might — but not enough attention has been paid to her continued addiction to borrowing — on top of a record tax burden."
(also Andrew Neil)
Andrew Neil also responded to a tweet put out yesterday by the PM claiming that the Labour overnment was making energy bills cheaper, as follows:
"AFTER supporting policies which made them a whole lot more expensive. And now that cost is being transferred from energy bills to the Exchequer. So instead of paying on your bills you’ll pay via your taxes. Simples!"
"It is genuinely astonishing that Rachel Reeves isn’t accompanied by the Benny Hill theme at all times"
(Madeleine Grant, from a Spectator article called "Rachel Reeves is a true disaster artist)
"Quite a big correction by the OBR here. Reeves has nuked schools budget, but somehow forgot to mention it."
(Neil O'Brien, referring to this correction from the Office for Budget Responsibility:)
"ANALYSIS: Govt said wasn't going to raise tax on working people, today eats it words. £26bn in tax rises, taking tax burden to record 38% of GDP by end of parl. Welfare reform ducked, 2 child cap lifted. 'This a Budget for self-preservation not the country' said a cab minister"
(Beth Rigby of Sky News on X)
"My take on the Budget.
- big tax rises but no effort at reform
- welfare spending raised by c£10bn since March
- debt still rising. Just 52% chance of meeting target
- U turns on tax & welfare indicate no strategy or sense of direction"
(Paul Johnson of The Economist on X)
"The OBR spells it out in black and white: families get poorer every year under Labour.
Real Household Disposable Income growth crashes from 3% to just 0.25% a year - hammered by higher taxes and frozen thresholds.
People aren’t daft. They can feel this squeeze every month."
(Kevin Hollingrake, Conservative Chairman)
"Hitting people saving for their pensions at a time when we’ll have to work longer knowing we’ll get less from the state is a special kind of stupid."
(Geoff Norcott on X)
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