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@EBL321
January 27, 2024 at 1:52 am
She is spot on it’s either inflation or economic stagnation.
I cannot get my head round how people are so annoyed about the £45bn tax cuts that is likely coming out of borrowing where as £100bn going to energy is also likely to come from borrowing as well.
Obviously I’m all for the £100bn package because energy prices will rocket without support but the fact £45bn makes so many people concerned of our public finances when we just spent £500bn (over 10x more) on lockdowns, track and trace etc.
It shows that that £45bn tax cuts is a political issue not an economic one as clearly we can afford £45bn to borrow for tax cuts especially if we can also afford £100bn borrowing.
People are concerned about the rich getting richer where as actually had the government not remove National Insurance increases, the poor would have become poorer. The increase would have affected my personal finances. Plus really glad the government are cutting income tax to 19%. That will benefit me. Increasing personal tax threshold from £12576 to £15000 would be incredible.
I support the government on this as these tax cuts are overdue. I must add, I know people will argue that government should have planned out the cuts, yes I acknowledge that but I could argue £500bn was not planned as people was concerned over Covid. We need these tax cuts immediately!
@stephfoxwell4620
January 27, 2024 at 1:52 am
How completely dim is this vacuous woman?
@vMaxHeadroom
January 27, 2024 at 1:52 am
Bottom line, she is right, anyone in power would have the most painful time trying to get the economy going.
@andynjw1163
January 27, 2024 at 1:52 am
That was just a mini one wait until the main one😂😂
@Ponieslad
January 27, 2024 at 1:52 am
I have been retired for 3 years now. However if I was still working I would be £50 a month better off.
@hairyjohn5825
January 27, 2024 at 1:52 am
The Liz Truss plan increases inequality!