You can’t blame them for choosing to stick with the (increasingly stupid) tax pledges when the geopolitical situation provides the perfect opportunity for ditching them. You can’t blame them for the (predictable) economic consequences of increasing employer NICs. - ThreadSky

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thetindrum.bsky.social • 36 days ago

You can’t blame them for choosing to stick with the (increasingly stupid) tax pledges when the geopolitical situation provides the perfect opportunity for ditching them. You can’t blame them for the (predictable) economic consequences of increasing employer NICs.

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thetindrum.bsky.social•36 days ago

(The tax pledges will eventually be dropped, btw. They have to be. But they’ll probably take months to do it, it will monopolise political news coverage for weeks in a damaging way, and by the time it’s done the spending it will free up won’t arrive in time for the next election anyway)

thetindrum.bsky.social•36 days ago

The immigration story is Reform’s. The public spending story is George Osborne’s.

thetindrum.bsky.social•36 days ago

Let’s see what’s at stake: domestically, a once-in-a-generation mandate to enact sweeping change in a country desperately in need of it. On the world stage, a defining geopolitical moment. Opposition parties are irrelevant for the next four years. There will never be a better opportunity than this.

thetindrum.bsky.social•31 days ago

“Paul Johnson, director of the IFS, said there would now be “six or seven months of speculation about what taxes might or might not be increased in the autumn”. “There is a cost, both economic and political, to that uncertainty,” he said.”

https://www.theguardian.com/uk-news/2025/mar/26/reeves-accused--balancing-books-back-of-uk-poorest-spring-statement

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