Has David Lammy just lost his job?
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So stop all transferring of funds out of the UK. Have you had a thought as to why people may be doing this, they've had enough of thieving Reeves and want to protect their funds, hence moving it over sea's and out of the reach of Reeves. The 26th November will come around really quickly, then we'll become aware of what other actions Reeves is planning on taking to plunder all of us. The pot is only so deep and you can't get blood out of a stone. She'll actually create more austerity if she continues with her tax grabs. Rather than doing that, spend on essentials and not vanity projects. The employers NI hike has had a detrimental effect with employers reducing vacancies and shedding labour. Does she not see that business creates growth and not the Government directly. Her, Starmer, Streeting, Lammy and the rest of that motley crew need booting out of Government and be replaced by Badenoch and Stride who will stop the rot. Before Starmer and crew came into office inflation was down to 2%, since then month on month it's increased to somewhere around 3.8% and is expected, nay predicted, to reach in excess of 5% at the current rate. as a result employment will further increase and that has to be paid for through DWP. We are being gradually crippled by Reeves.
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Which think tank? Why no link to what they have to say?
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If not taxing remittances, then something should be about reducing the scale of these remittances. It represents negative investment in the UK to the amount estimated to be £28 billion p.a. That's equivalent to half the UK defence budget at a time when the fiscal deficit is massive and increasing. It is a crisis. The last time there was a crisis similar to this was in the post war period. For 3 decades post ww2, the UK enforced strict exchange control measures. These were designed to conserve foreign currency reserves, particularly U.S. dollars, which were vital for post-war recovery. The system restricted the movement of money abroad and tightly controlled foreign investment, overseas travel allowances, and imports. British citizens needed official permission to externalise funds. Exchange controls reflected the economic difficulties of the time, including balance-of -payments pressures.
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