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Keir Starmer: ‘We can’t win power by spending. We need to reform and create wealth’
(www.theguardian.com)
this post was submitted on 16 Jul 2023
14 points (88.9% liked)
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We didn't increase tax, because that's not the Tory way.
Unless you are advocating for Tory policies?
Not increasing the taxes to pay for our commitments ends up coming out as loans, paid by gilts, which we absolutely do pay back. The Tories are relying on our credit being good, so are borrowing as much as possible, which is putting our reputation at risk. This will increase the cost of borrowing, and Starmer would be a fool to promise spending without a proper funding mechanism.
https://feddit.uk/post/747091