The Labour Party’s Coming Tax Raid Won't Be Its Last
Rachel Reeves looks poised to raise taxes in this month’s budget. It won’t be her last raid on the British public.
Photographer: Andy Rain/EPA/Bloomberg
Pre-Christmas ‘tis the season for UK politicians to be honest — up to a point. After 17 months of self-deception and outright deceit about the state of the nation’s finances, Labour has finally acknowledged that the books cannot be balanced. Either taxes must rise or spending will have to be cut because the bond markets will punish any attempt by the government to borrow its way out of political trouble.
Will honesty be the best policy — even if it’s the right policy? The Washington Post documented more than 30,000 false or misleading claims made during Donald Trump’s first term in the White House, a mind-boggling average of 21 per day. Yet, in full knowledge of his light touch — and worse — with the facts, the American people put him back in the White House with a stronger mandate.