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For now, Labour is riding high in the polls, but to the extent that its policy agenda is materially different from the incumbents – which is barely – it is founded on a delusion. Where’s that £28bn a year, equal to more than 1pc of GDP, for Britain’s very own version of Biden-omics going to come from? The idea that it can be paid for through windfall profit taxes and ending non-dom status is poppycock.
Rishi Sunak counts on a repeat of what happened in 1992, when John Major unexpectedly won the general election against a resurgent Labour.
“Will the last person to leave Britain please turn off the lights”, Kelvin Mackenzie’s Sun wrote, ridiculing Neil Kinnock’s tax-and-spend agenda.
That’ll be Sunak’s message, too, when facing the voters next year, even if “Don’t let Labour wreck it” is thin gruel to feed to voters when after 13 years of Conservative rule the economy already seems pretty much wrecked.
“Things could be even worse if Labour gets in” doesn’t have quite the same ring as “You’ve never had it so good”.
None the less, relatively competent management of the economy and the public finances after the chaos of the last two occupants and the glaring deficiencies of the Labour offering is all the incumbents have got to offer – that, and the fact that Sir Keir Starmer is plainly not Tony Blair, and nor indeed is Rachel Reeves Gordon Brown. But you wouldn’t bet on it working.
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Stubborn inflation is tipping the Tories’ finances into crisis alongside mortgage holders
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For now, Labour is riding high in the polls, but to the extent that its policy agenda is materially different from the incumbents – which is barely – it is founded on a delusion. Where’s that £28bn a year, equal to more than 1pc of GDP, for Britain’s very own version of Biden-omics going to come from? The idea that it can be paid for through windfall profit taxes and ending non-dom status is poppycock.
Rishi Sunak counts on a repeat of what happened in 1992, when John Major unexpectedly won the general election against a resurgent Labour.
“Will the last person to leave Britain please turn off the lights”, Kelvin Mackenzie’s Sun wrote, ridiculing Neil Kinnock’s tax-and-spend agenda.
That’ll be Sunak’s message, too, when facing the voters next year, even if “Don’t let Labour wreck it” is thin gruel to feed to voters when after 13 years of Conservative rule the economy already seems pretty much wrecked.
“Things could be even worse if Labour gets in” doesn’t have quite the same ring as “You’ve never had it so good”.
None the less, relatively competent management of the economy and the public finances after the chaos of the last two occupants and the glaring deficiencies of the Labour offering is all the incumbents have got to offer – that, and the fact that Sir Keir Starmer is plainly not Tony Blair, and nor indeed is Rachel Reeves Gordon Brown. But you wouldn’t bet on it working.
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