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Earl Aff-whatever-your-name-is (I'm dyslexic), you do realise that your 'liking' my earlier most, means that you indirectly agree with Rockets on something. Did hell just freeze over? -
The markets only react if they think there is risk. The fact that runaway inflation has caused enough of an increase in tax receipts to cover spending with a surplus means there is no increased risk. The new tax rises can therefore be spent wholly on benefits without any increase in borrowing, again minimising risk to existing treasury bond lenders. -
I doubt it! They lost £11m in the last year on revenues of £47m They blame it on the current economic malaise. I doubt anyone could turn that round.
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I’m not denying taxes were raised im saying they weren’t raised just to give it all away on “benefits” and I backed that up by saying if they did the markets would have reacted very differently
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