close
close

Apre-salomemanzo

Breaking: Beyond Headlines!

How Reeves drove up energy bills, inflation, mortgages, taxes and debt | Personal Finance | Finance
aecifo

How Reeves drove up energy bills, inflation, mortgages, taxes and debt | Personal Finance | Finance

Energy bills, consumer price inflation, mortgage rates, government borrowing, public sector spending and our tax bills are rising ever higher. And the situation will be even worse next April when the budget tax increases take effect.

At the same time, a lot of things are going down, down, down.

Economic growth, business confidence, retail sales, jobs and the private sector in general. Oh, and the pound.

And Labour’s economic credibility. It’s through the ground. Just like the party polls.

Some things have completely disappeared, like Winter fuel payment. Not to mention the prospect of millions of retirees staying warm this winter.

Everything Reeves touches goes in the wrong direction.

She told lies on her resume to boost her credibility, only to completely destroy it.

Reeves came to power with a head full of half-baked theories from left-wing think tanks and a wardrobe full of power suits that someone else had paid for.

Like almost everyone else in the Labor Party, she has no idea how corporations work and believes they only exist to fund the public sector.

And it shows.

His big budget idea was to absorb £25bn of additional national insurance (NI) for UK businesses, without considering the impact.

Everyone from the Office for Budget Responsibility to the Bank of England (including the Institute for Fiscal Studies) has highlighted what a disaster it is.

Three-quarters of the cost of this employer’s NI increase will be passed on to “workers”. Reeves claims she wouldn’t tax harder.

We’ll see the impact next year as companies raise prices, lay off workers, or stop hiring altogether to protect margins.

When I read the economic news, I can’t believe what I read. Even pro-Labour newspapers like The Guardian cannot ignore the chaos Reeves has unleashed.

Here’s a taste of his headlines this week:

“Businesses give a ‘thumbs down’ to the budget, hitting the pound. »

“Public sector pay rises and debt interest costs drive up UK government borrowing”

“British manufacturing output hit by political nervousness”

“UK consumer confidence falls as household finances come under strain”

“The budget is blamed on the first contraction of the private sector in a year.”

There’s nothing good to say about Reeves because there’s nothing good to say.

Labor cannot blame all this on Conservatives. The Conservatives left the UK in a state of chaos, but at least the economy grew in the first six months of the year.

In September, it fell by 0.1% due to pre-budget fears. Many fear that it will also decrease in October, November and December. Next year we could fall back into recession.

The cost of living crisis is back with inflation expected to rebound to 3% next year.

At the same time, the United States is booming. Its stock market is hitting one new record after another as investors celebrate Donald Trump’s pro-business landslide.

Here’s another headline from the Guardian: “US business growth hits 31-month high.”

If only this happened in the UK.

The prospect of a Trump presidency propels the American economy to new heights, while Starmer and Reeves crush ours.

Trump will bring his own problems, but at least he knows how important it is to speak up, up, up, when all Reeves has done is bring us down, even lower.