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After Promising No Additional Tax Rises in Election Campaign, UK’s New Left Govt Prepares Ground for Just That
Breitbart ^ | 07/26/2024 | Oliver JJ Lane

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 ...


TOPICS: Business/Economy; Culture/Society; Foreign Affairs; Government
KEYWORDS: campaign; election; tax; uk
Embrace the suck. Enjoy
1 posted on 07/26/2024 8:42:53 AM PDT by ChicagoConservative27
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To: ChicagoConservative27

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


2 posted on 07/26/2024 8:54:10 AM PDT by ncfool (America has died we are living in the united socialist states of aMeriKa)
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To: ChicagoConservative27

BUT not for Muslims, Pakis, Africans, and every other illegal alien rapefugee destroying the UK.


3 posted on 07/26/2024 8:55:00 AM PDT by Organic Panic (Democrats. Memories as short as Joe Biden's eyes)
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To: ChicagoConservative27

Labour is going to stick it to the useful idiots. Can’t wait!


4 posted on 07/26/2024 8:57:19 AM PDT by ChuckHam
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To: ChicagoConservative27

Do you really think they voted to flush faster?


5 posted on 07/26/2024 9:03:49 AM PDT by mewzilla (Never give up; never surrender!)
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To: ChuckHam

If our Deep State succeeds, too, you won’t have to wait, will you.

Will be as excited then, I wonder...


6 posted on 07/26/2024 9:04:35 AM PDT by mewzilla (Never give up; never surrender!)
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To: Organic Panic
BUT not for Muslims, Pakis, Africans, and every other illegal alien rapefugee destroying the UK.

That's the black hole the UK government is trying to fund.

7 posted on 07/26/2024 9:04:48 AM PDT by Sirius Lee (Trump/Vance 2024 or GFY)
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To: ChicagoConservative27

Good


8 posted on 07/26/2024 9:07:35 AM PDT by italianquaker
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To: ChicagoConservative27

at this point, only complete morons believe liberals and socialists-


9 posted on 07/26/2024 9:15:30 AM PDT by Bob434
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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.


10 posted on 07/26/2024 9:18:16 AM PDT by Henchster (Free Republic - the BEST site on the web!)
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To: Organic Panic

Exactly. Taxes are the least of the UK’s problems.


11 posted on 07/26/2024 9:21:51 AM PDT by Extremely Extreme Extremist
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To: ChicagoConservative27

No new taxes - yeah, riiiight

New taxes before the ink is dry - well, duuuuh

Rinse and repeat all through history.


12 posted on 07/26/2024 9:51:06 AM PDT by bgill
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To: ChicagoConservative27

Removed my last investments in Europe two weeks ago.


13 posted on 07/26/2024 11:14:16 AM PDT by Uncle Miltie (And yet we have the morally inverted allahu akhbar chorus at FR on the pro-barbarism side!)
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To: Bob434

Or any politician.🙄


14 posted on 07/27/2024 8:12:17 AM PDT by BiteYourSelf ( Earth first, we'll strip mine the other planets later.)
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