A cunting for the Kweer, (recall Parliament, well why not, his conference is over)
He now wants the government to scrap the mini budget announced last week, this is after saying he supported the energy price guarantee and cut in basic rate income tax and the reversal on NI uplift
It seems that all the problems associated with the mini budget are down to the ‘Tax Cut for the rich’, yep dropping the top rate of 45% for those earning over £150,000 has caused all the market ‘chaos’ ?
I don’t think so, it’s the apparently unfunded and unquantified energy price cap that is causing all the worry and the estimated couple of billion lost by scrapping the 45% rate wouldn’t have even put a dent in huge amount of money it is going to cost to artificially control the cost of energy for 2 years. (estimates 100 to 150 billion).
It all looks good on paper but there did seem to be a lack of targeting in the catch all policy.
But Sir Kweer and his colleagues have the answer, reinstate the 45% rate.
Nominated by: Sick of it



