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Sir Keir Starmer has warned that tax rises and austerity risk ‘choking off’ a rapid economic revival after the coronavirus pandemic. The Labour leader said he wanted to model the UK’s recovery on Clement Attlee’s post-Second World War strategy to restore Britain’s ‘backbone’. ‘In the short term, you don’t balance the books and you don’t … Read more
Taxes could have to soar by £60billion to avoid a new wave of austerity after the coronavirus crisis, experts warned today. The respected IFS think-tank said an income tax rise of 6p or 7p for every £1 earned could be needed to cover extra public spending over the next five or six years. It also … Read more
Boris Johnson today vowed to keep splashing the cash despite mounting government debt as he insisted the coronavirus crisis can be an ‘opportunity for change’. The PM said he will ‘double down’ on investment in ‘levelling up’ the UK, comparing the effort to Franklin D Roosevelt’s New Deal following the Great Depression in the US … Read more
Boris Johnson vows that workers who bore brunt of austerity WON’T have pay to revamp economy after coronavirus as he vows to usher in ‘decade of investment’ PM will unveil ‘decade of investment’ in an infrastructure spending spree Expected to stand in contract to 2008 bank bailouts which saw workers suffer Rishi Sunak will expect shareholders … Read more
Pensioners are urging insurers to help them through the virus crisis by giving them a lump sum rather than paltry drawn-out annuity payments. Money Mail has long campaigned for pensioners trapped with small annuities to be allowed to take a more meaning- ful amount. Alan Fowler, 72, has an annuity from Legal & General (L&G) … Read more
Michael Gove hints at looming austerity after government’s massive coronavirus bailouts amid fears of 2.75million jobless by June and a 10 per cent hit to GDP Cabinet minister Michael Gove says UK coronavirus debt will have to be paid Government has announced unprecedented bailouts for workers and firms Forecasters warn jobless total could hit 2.75m … Read more
We have heard the mantra so many times over the years that it must be true: ‘Tory austerity’ is killing off the poor. Listeners to Radio 4’s Today programme yesterday will have heard this same old narrative trotted out by Sir Michael Marmot, professor of epidemiology at University College London, whose review into ‘health inequalities’, … Read more