Somebody’s bound to call it a perfect storm; it is perfect as far as the Conservatives are concerned.
Let’s see if we can get our ducks in the right line…
First we had the financial crisis, caused by bankers who have since become Conservative MPs. The Conservative-led Coalition government that slithered into office by blaming this mess on Labour (despite the fact that Tory bankers caused it) then claimed austerity was the solution.
And what did austerity do? It squeezed money out of the poor and gave it to the rich.
A knock-on effect of the financial crash was that banks were told to cut interest rates, almost to nothing. This meant there was no point in saving money because the only people who could benefit from the interest on their savings were the super-rich.
Then the Tories foisted Brexit on us. People like Boris Johnson and Jacob Rees-Mogg said leaving the EU would bring billions of pounds back into the UK, to be used on things the population really want, like investing in the National Health Service.
In fact, Brexit has cost the UK £800 million per week – and rising. It has tied the UK’s businesses up in red tape, despite that Tories having claimed that they were getting rid of burdensome bureaucracy.
And Brexit is a major contributor to the cost of living crisis. It has created huge pressures on the food supply chain (for example) due to high bureaucracy and a shortage of lorry drivers to bring goods into the country (this being worsened by the Tories’ hatred of foreign-born workers).
Food prices have, unsurprisingly, rocketed. Energy prices are also rocketing because of a shortage of supply. Both have been worsened by the war between Russia and Ukraine and decisions by western nations to boycott Russian gas and goods.
The Tories’ response to these pressures on ordinary families has been to cut wages wherever they can and to raise tax by increasing National Insurance. They have offered nothing to people on benefits or to pensioners, meaning the UK is facing the biggest cut in living standards since records began,
Their justification for the NI rise is that it will subsidise investment in the NHS and Social Care – a slap in the face for everybody who thought money saved by leaving the EU would do that. And the claim is a myth anyway:
And more of us are paying more tax already – because the Tories have frozen the thresholds at which people pay different rates of tax. Even though pay is rising below inflation, increases will push incomes above the levels at which they pay different tax rates, meaning the government will take more of your money in tax, just when you need to keep more in your pocket:
They say they’re going to introduce measures to ease the burden of the tax rises in July. Why not immediately?
And they say they’re going to cut Income Tax by one penny (to 19p in the pound) in time for the next general election. But is that really going to help people? How much money will it put backin the pockets of the poorly-paid when they’re already losing so much to inflated prices and higher taxes?
Put it all together and you can see that this was the plan all along: to multiply the incomes of the already-wealthy while restricting those of the working majority, then to increase prices and taxes to levels that won’t affect the rich but will plunge the vast majority into poverty.
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