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by skippyboxedhero
1341 days ago
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Hunt, not Sunak. The rise in corporation tax for MNCs won't hurt competitiveness. The US had a 35% rate with no issues. We can raise ours to 25% with no issues. The only reason we reduced our rate to the level we did was because of tax havens in the EU, we have a global corporate tax deal which the EU will comply with (saying vaguely that you are right because "economists and analysists" say so is weak). The issue with "going for growth" was that it wouldn't have boosted growth. The spending cuts were only required because of the tax cuts, the tax cuts aren't happening. When he was Chancellor, Sunak was cutting spending and this will likely continue (it has to, spending is far too high, the NHS became massively bloated during Covid). Reduction of debt will be gradual, the strategy is not austerity (as has been repeated ad nauseum, this happened after 2018 as well...some people just never stopped saying austerity was happening even when spending was rising significantly). |
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Yeah, experts, what do they know!
> Sunak was cutting spending and this will likely continue
So, austerity 2.0, then.
First time I hear spending of the NHS has to be cut because they are 'bloated'... usually people complain about lack of resources.
Have a good one.