3 ms·
The cause is a direct response to the government announcing their ~budget~ "fiscal event", which is to cut taxes, particularly on the rich, and increase spendin
by shawabawa3 4y ago
The cause is a direct response to the government announcing their ~budget~ "fiscal event", which is to cut taxes, particularly on the rich, and increase spending
- kergonath 4y agoShe was not kidding when she said she was Thatcher v.2. Exactly what the UK did not need.
- alexisread 4y agoThatcher implemented a windfall tax, LT is not even that. UK residents are paying twice for their energy consumption as a result. Nose was in the trough 3 days into her premiership when the top treasury official got fired, to make way for these tax cuts. Guess the Conservatives figure they are going to lose the next election...
- shawabawa3 4y agoit honestly seems like their strategy is fuck up the economy sufficiently in the next 2 years that labour have to struggle to put things right in their term with unpopular tax increases and spending cuts, meaning conservatives can win again in 2030
- kergonath 4y ago> Thatcher implemented a windfall tax, LT is not even that. You’re right. She’s a parody of Thatcher. Thatcher at least had a long-term strategy (London becoming the economic centre of Europe, even if it means hell for the rest of the country). She’s Thatcher with all the greed and none of the vision.
- Gibbon1 4y agoYou can see where Thatcher was coming from and why her bets failed. True north sea oil meant Britain could ditch coal. True selling off publicly owned assets, especially housing at fire sale prices would be wildly popular. But the strategy of crushing unions to lower labor costs in order to attract manufacturing jobs from Europe floundered because those jobs went to the Far East. That wrecked the countries economic foundations. But 40 years on it's just frog mouthed cargo culting to double down on those policies.