Wishful thinking Rachel
Business Money group editor Robert Lefroy said: “When you fabricate a CV, never believing you would be found out, it comes as no surprise when your budget statement contained forecasts of a similar ilk.
Rubbished by the OBR and the left-wing Resolution Foundation, as well as the usual business interests, Rachel, you are uniting some disparate interests.
That you just do not get it is becoming frighteningly clear. With the devastation wrought by your National Insurance increases, Angela Rayner’s onslaught on zero hours contracts, plus Ed Miliband’s net zero fantasies, business is facing such serious challenges that UK economic growth must stall.
And business pays for everything Rachel.
There may be lies, damned lies and statistics but one stat, the 37.7% to GDP taxation ratio, is a killer. There is a fine balance between what people and business are prepared to pay in return for efficient public services, remember those, and the incentive to work harder. That latter quality has already deserted far too many people gorging on the benefits nipple.
The same goes for the bloated pay scales seen in many reaches of the Civil Service and Quangos and the pervading belief in our police forces that shop lifting is no concern of theirs. Asking Joe Soap to dig deep into his wage packet to pay for it all, including the shrinkage, or theft levy bloating his weekly grocery bill, is a big disincentive to greater productivity. And if Joe falls ill in the process, waiting two hours for an ambulance, that eventually delivers him to a long queue in a corridor, in A & E, starts even the hardest workers thinking.
One growth area you can confidently look to Rachel is the black economy. We cannot condone it, but a high tax and poor public service economy erodes basic citizenship principles and the sense of what is fair.
Cash is King, especially in more dubious realms.”