News

Tory chancellor Rishi Sunak full of gimmicks at his Budget speech

Like the hero of his own movie, Rishi Sunak entered the Commons for his third Budget speech having put out more spoilers and trailers than the long-delayed Bond movie.

The Chancellor had more gimmicks than your average spy film, too, and a similar sense of fantasy as he made an escape from the grim reality of what life is like in the UK.

Raising a glass of reduced-price prosecco or low-strength gin-in-a-tin might cause momentary cheer, but with inflation racing towards five per cent this winter, most families are going to find the eye-catching distractions of cutting alcohol duty a bit of a flat fizz.

Voters will be shaken, not stirred, by promises of public sector wage rises when their bills are going through the roof.

Despite all the bravado about adjusting Universal Credit (UC) to allow claimants to keep more of what they earn, that is a false promise, too.

Six out of 10 Scots on UC will not be affected as they are not in work and will still lose £20 a week.

It is not just GDP that’s growing, the queues at food banks will this year, too.

If that wasn’t a cynical enough move, the Chancellor cut Air Passenger Duty on polluting short-haul flights on the eve of COP26.

Both these decisions show where the Tory priorities lie – not with the poor and not with the environment.

Sunak’s Budget was high-spending, for sure, thanks to an economic bounceback and the VAT receipts he has refused to cut from these rising energy bills.

He outbid the Scottish Government’s pre-prepared girn that he wouldn’t match lost EU support with new Shared Prosperity funding.

Along with a blockbusting rise to the Scottish budget, the Tories have cherry-picked projects to fund across Scotland.

The catch, of course, is that the spending will now be controlled by the Treasury and that Bond villain supreme, Michael Gove, in the Department for Levelling Up across the UK.

It is a sign that the Tories are trying to box clever on the constitution, using small amounts of cash to throw sand in the eye of the SNP government.

But that is a sub-plot to the hidden twist which wasn’t written in the Budget script read out by Sunak.

The truth is that without the staggering £30billion a year cost of a botched Brexit, the Government would have all that money to spend on all the levelling up, education or child care it could choose.

Sunak might fancy himself as leading man but any film with Boris Johnson and Sunak is not a Bond movie, it’s more a Laurel and Hardy escapade – a mismatched couple bungling their way from one crisis to another.



Most Related Links :
todayuknews Governmental News Finance News

Source link

Back to top button
Native News Post