There‘s no end to austerity with Starmer. He rather keeps cutting public spending than taxing the rich.

  • frazorth@feddit.uk
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    1 year ago

    We didn’t increase tax, because that’s not the Tory way.

    Unless you are advocating for Tory policies?

    Not increasing the taxes to pay for our commitments ends up coming out as loans, paid by gilts, which we absolutely do pay back. The Tories are relying on our credit being good, so are borrowing as much as possible, which is putting our reputation at risk. This will increase the cost of borrowing, and Starmer would be a fool to promise spending without a proper funding mechanism.

    https://feddit.uk/post/747091

    • Dhave Config@freeradical.zone
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      1 year ago

      @frazorth Actually increasing taxes is very much the Tory way. All increases that have ever happened to VAT have been from tory governments.

      Gilts and loans are paid back at a rate of our choosing so are no obstacle to spending money (which we can print ourselves remember) now.

      I agree that Starmer is a fool however.