Business UK
Rachel Reeves blasted for ‘GROSS MISMANAGEMENT’ of economy as Britons suffer from Iran war
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Rachel Reeves has been accused of making the British economy “far more vulnerable” with “gross mismanagement” amid global insecurity, Shadow Chancellor Sir Mel Stride has said.
The Chancellor was challenged on her handling of the current situation while updating the Commons on her response to the conflict between the US and its allies with Iran.
Sir Mel began: “It is clear that these are very serious and concerning times, and the developments in the Middle East are already having profound consequences for our corporate dollars per barrel.”
“For the first time since the 2022 energy crisis, that alone is enough to have huge knock-on effects for households and businesses.”
Taking aim at the Chancellor, he said: “Her approach to the economy in the run-up to this crisis, her gross mismanagement, has left us far more vulnerable than would otherwise have been the case.”
“The government, of course, is continuing to impose ruinously high taxes on our oil and gas sector and choosing to rely on imports instead of maximising our own domestic energy supply.
“That is proving to be an incredibly short-sighted approach, but as the right hon lady has just told us, there will be no change in direction; that is the wrong choice.”
The Chancellor has promised measures including a £15billion warm homes plan, a £420million buisiness electricty discount and a £5 per litre fuel duty cut.
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“If he does Cameos for £70, imagine what he’d do for £70 million!”
Watch as Angela Rayner GRILLS Reform UK leader Nigel Farage as recent donations spark major controversy in the political sphere.
Reform received the biggest donation ever recorded in the UK, thanks to contributions from Christopher Harborne and Ben Delo.
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Business UK
BURNHAM’S BENEFITS HIKE: panel CLASH over reported plans to spend £6bn getting people into work
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British taxpayers could be slapped with a £5.2bllion-a-year tax bill as a result of Labour’s migration U-turn, the Tories have warned.
According to analysis from Kemi Badneoch’s party, almost 500,000 migrants granted permanent residency in Britain by 2030 could go on to claim Universal Credit.
Speaking on GB News Breakfast, Shadow Work and Pensions Secretary Helen Whately said: “We really shouldn’t have people coming here from overseas and then not being net contributors to our economy, and instead claiming welfare.
“Our policy is that if you’re a foreign national in the UK, you shouldn’t get welfare. You should be contributing. And we have said that we’re going to stop access to benefits for people who are not British citizens, stop access to social housing as well, because we have to put British people first.”
#tax #MigrantCrisis #Benefits #ukpolitics #GBNews
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