US Politics | If Jeremy Hunt’s Budget was designed to confuse the enemy, it failed
IF Jeremy Hunt's Budget blizzard of tax increases, spending chaos and can-kicking was designed to confuse the enemy, it failed. Labour's Rachel Reeves rose to the challenge. ReutersHunt's statement achieved its main objective — calming market fears over a £55billion black hole in government finances '/ ' Why, she asked, are we the only country raising taxes as we plunge into recession? Why is take-home pay worth less today than in 2010? And, damningly, why was the "Scrooge Chancellor" picking the pockets of the very voters who put his party into office? Reeves silently posed another question: Why is Keir Starmer leading the Labour Party and not her? Perhaps this Budget should have been delivered by ex-Chancellor Rishi Sunak. Unlike Jeremy Hunt, he fought the madness of lockdown. He warned Liz Truss her growth plans were "fantasy". He really does want to deliver the benefits of Brexit. Most read in The US Sun SHOCK TWIST Debbie Collier death ruled 'suicide' after nude and burned body found in woods DARK WHISPERS Chilling words of rapist in case 'linked to JonBenet Ramsey' murder revealed FOUR-WARNED I am a time traveller from 2671 - here are 4 dates 'big things' will happen BLOOD FEUDS How Russian oligarchs are 'MURDERING each other' in bloody battle for power MISSING HOST-IN Sunny missing from The View as Joy shares reason for co-host's absence SHED THE POUNDS I was world's fattest girl who weighed 420lbs aged 8…now I'm UNRECOGNISABLE Hunt's statement achieved its main objective — calming market fears over a £55billion black hole in government finances. The Pound stayed calm and inflation should fall next year along with mortgages. The economy might revive before the 2024 election, in time for Labour to benefit. But these are thin pickings for a regime that has itself to blame for 12 years of economic drift. The verdict of the Thatcherite think tank, the Institute for Economic Affairs, is damning. It said: "The Chancellor has put the UK firmly on track for higher taxes, more spending and lower growth. "This is a recipe for managed decline, not a plan for prosperity. The Chancellor has chosen to protect pensioners and those on welfare but ordinary workers have been clobbered. Read More on The Sun FOUR-WARNED I am a time traveller from 2671 - here are 4 dates 'big things' will happen KID YOU NOT I'm an Irish traveller - all kids are beautiful but mine are just unbelievable "Without addressing the woeful lack of growth, the Chancellor is failing to deal with the key structural weaknesses in the UK economy — and we will continue to pay the price." Embarrassingly, this seemed more an endorsement of the Truss growth bombshell blamed for the black hole than for Jeremy Hunt's bid to dig us out.
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