Labour’s destruction of Britain’s economy continues apace. Public borrowing soared to £18 billion last month, billions more than expected.
Yet, simultaneously, the taxman is raking in record sums. So why this obscene imbalance? And where is all the money going?
It is, of course, filling the boots of Labour’s client base – the bloated public sector.
Jaw-dropping data published earlier this week revealed that although the overall number of jobs in Britain has declined by 153,000 since Rachel Reeves‘s Budget last year, the public sector is mushrooming.
The number of taxpayer-funded roles has actually increased by 75,000 since Labour came to power.
And in those rampantly unionised sectors, predictably, there are constant demands for inflation-busting pay rises and even a four-day week.
The Government is too feeble to cut public sector budgets, as evidenced by Labour backbenchers’ humiliation of the PM over his attempt to trim a £5 billion sliver off Britain’s gargantuan welfare bill.
Labour’s growth-suppressing policies – such as its destructive workers’ rights reforms – will make things even worse.
Jaw-dropping data published earlier this week revealed that although the overall number of jobs in Britain has declined by 153,000 since Rachel Reeves’s Budget last year, the public sector is mushrooming
This is what economists meant when they warned yesterday that Britain is entering a ‘doom loop’.
Labour enriches its political supporters and expects someone else to pay for it, but when the books fail to balance they lack the courage to make the changes that are so patently required.
Instead, November’s Budget is certain to hit companies and better-off individuals even harder.
Unless Labour changes course, the Budget after that, and the next one, and the next, will persecute the taxpayer yet more while national debt (£2.9 trillion, and counting) continues to spiral.
The result is likely to be financial carnage at some point in the future as the private sector crumples, bled dry by tax demands, leading the Treasury’s tax take to atrophy.
Labour’s ‘cult of the public sector’ is an existential threat to Britain and it must be reined in.
Murky on migrants
The Government’s secrecy over its ‘one in, one out’ migrant deal is an insult to the British public.
Home Secretary Shabana Mahmood refuses to tell us exactly how many additional migrants will be sent here in return by Emmanuel Macron’s government, with the first arriving as early as next week.
The cost is being kept under wraps – the British taxpayer stumping up for everything. And most seriously of all, Ms Mahmood’s department insists voters cannot know even broad details of who is being allowed into Britain under the deal, offering only vague promises about ‘security checks’.
The Daily Mail exposed only this week how an Egyptian who committed a heinous rape in London’s Hyde Park was already a convicted terrorist in his home country when he claimed asylum here.
The Home Office has refused to explain how this happened, let alone make a public apology to the woman who would never have been raped if officials had done their jobs properly.
All this shows we can have little faith in the Home Office’s ‘rigorous’ checks.
The Home Secretary’s silence is completely unacceptable.
If crimes are committed by migrants she allows into Britain through this clandestine scheme her reputation will be left in tatters.
