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“How STUPID Do These Politicians Think We Are?” | Alex Phillips | Roger Gewolb

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Sir Keir Starmer has warned that the upcoming autumn Budget “will be painful,” hinting at potential tax increases in October.

In a Downing Street speech on Tuesday, Starmer said the government would need to make “big asks” of the public, especially the wealthy, to address a £22 billion “black hole” in public finances left by the Conservatives.

He cautioned that “things will get worse before they get better” and stressed that economic growth remains his government’s priority, despite inheriting a difficult situation from former Prime Minister, Rishi Sunak.

While Labour has ruled out raising income tax, national insurance, and VAT, Starmer didn’t specify which taxes might be increased.

Alex Phillips speaks with geopolitical analyst, Roger Gewolb.

#news #politics #uk #money #talk #talkradio

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21 comments
@brenb8897

They want us to fail. Simple as that.

@davidbuchan2801

No word from the Chancellor about cutting the vast bureaucracy at Westminster. The Civil Service and Quangos are sucking the life out of the economy,

@ef7480

Alex, the interest from borrowing goes to the 'private' Bank Of England in order to pay shareholders and the owner of the bond that the gov 'sold' into the market (usually a bank). Government does not print money. Been like this since 1694

@edwardmervynroberts207

This party is fast becoming a really dangerous party , sadly our country is going to suffer !

@alanjones4741

Reeves was always gonna get rid of the winter fuel payment she asked the tories in 2014 to do it so 22 billion black hole is fictictious so it helps her do it

@sutodd2767

……..please stop talking on top of each other, it seriously is distracting and hard to listen to!

@barrylingard5993

Because this country has been controlled for conservatives for over hundred years and they have no interest in what they and labour call slaves. They have no intention of making anything remotely equal in England.
Until the voting system is changed nothing will and we’re stuck with the same type of people through the same revolving door and giving our money away to countries that we should know better than to give our people’s money to while they go begging or freeze to death.

@barrylingard5993

Because this country has been controlled for conservatives for over hundred years and they have no interest in what they and labour call slaves. They have no intention of making anything remotely equal in England.
Until the voting system is changed nothing will and we’re stuck with the same type of people through the same revolving door and giving our money away to countries that we should know better than to give our people’s money to while they go begging or freeze to death.