A shares tip
The Tory leadership candidates are sinking to grotesque new depths in their bid to appeal to their self-satisfied, sm-ugly obnoxious fan base. The key message is ‘shrink the state!’ Sunak would do it by slashing income tax by 4p in the pound, with the inevitable consequences for public spending. Perhaps in an even more nasty move, Truss claims she would slash £11 billion of ‘Whitehall waste,’ largely through reducing the pay of civil servants based in the regions. At a time when just about everybody’s income is being slashed by inflation, and government austerity has already reduced the purchasing power of government employees, not least in the NHS. And what about ‘levelling up?’ Truss clearly wants to institutionalise regional disparities, and keep poverty where it belongs, i.e. in the sticks. In the meantime real government waste, such as the £11 billion spent on useless equipment during the pandemic goes unremarked. Maybe that’s because the exorbitant contracts were let to the Tory chumocracy.
I am wondering when a poll-tax style resistance movement will start, with widespread civil disobedience. Perhaps now is the time to invest in the shares of glue manufacturers.
*I'm pleased to report that following this blog this morning, Liz Truss has announced a complete u-turn on her levelling down policy of introducing 'regional pay.' Of course, I'm not claiming all the credit - I'm not a LibDem after all - but all the same . . .
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