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Posted on 07/26/2024 8:42:53 AM PDT by ChicagoConservative27
The new Labour government professes to have discovered a “huge black hole” in the public purse, widely reckoned to be the crafting of a pretext to raise taxes that had been ruled out at the general election just three weeks ago.
Rachel Reeves, the UK’s Chancellor of the Exchequer (finance minister) claims to have discovered, now she is in power after the Labour Party won the nation’s national elections earlier this month, a £20 billion ($25 billion) black hole in the government’s finances. This she blames on the last government, and a full statement on this claim is expected on Monday with the Treasury audit statement to the House of Commons.
The instant reaction to these remarks in the United Kingdom has been the realisation that, just three weeks after Labour won the election on a promise o fa small number of targeted tax rises but nothing more, that they are preparing the ground to renege on that pledge and raise them anyway.
(Excerpt) Read more at breitbart.com ...
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That is a lesson that we seem to learn over and over again.
Watch Kamala do exactly that promise lower taxes to suck the fools or SHEEPLE of the USSA in to voting for her. the Bait and switch
BUT not for Muslims, Pakis, Africans, and every other illegal alien rapefugee destroying the UK.
Labour is going to stick it to the useful idiots. Can’t wait!
Do you really think they voted to flush faster?
If our Deep State succeeds, too, you won’t have to wait, will you.
Will be as excited then, I wonder...
That's the black hole the UK government is trying to fund.
Good
at this point, only complete morons believe liberals and socialists-
Remember Slick’s “Middle Class Tax Cut” and “Balanced Budget in Four Years” ???
Well, ten seconds after he was in the WH, he lied that the economy was much worse than he thought, (it was actually much better than the lying media had told us all during the election) and that he didn’t think we could offer a tax cut, or balance the budget.
Instead, he rammed through the biggest tax increase in history, one that was actual retroactive to when he wasn’t even President, and would NEVER match the Q4 GDP GHW Bush handed him during his entire 8 year fiasco.
Moral of the story? LIBERALS LIE EVERY TIME.
Exactly. Taxes are the least of the UK’s problems.
No new taxes - yeah, riiiight
New taxes before the ink is dry - well, duuuuh
Rinse and repeat all through history.
Removed my last investments in Europe two weeks ago.
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