Labour lied and cheated their way to power, the Budget saw their fraud laid bare – London Business News | Londonlovesbusiness.com

Like the proverbial wolf in sheep’s clothing, Labour under Starmer, Rayner and Reeves, promised voters they were reformed characters, who had abandoned the old ways of high-taxation and big borrowing.

What a massive pile of excrement that turned out to be!

As predicted by yours truly the UK Government shed its centre-left disguise to give businesses a good kicking, and then went wild with the company credit card.

They looked the UK public squarely in the eye and lied through their teeth.

Like all good socialists they blamed the other bloke for the mess, refusing to admit they had a Scooby about the state of the nation’s finances.

There’s a £22 billion ‘black hole’ in the finances they said, it’s not our fault, whined the chancellor from the despatch box, but don’t worry I have a plan to rebuild the economy.

For starters £8 billion of the budget shortfall was frittered away on massive pay rises for militant train drivers and doctors. What is the matter with these people? I can understand why they hate the likes of me, but what did the over 65s ever do to them? I suppose they aren’t classed as workers anymore. But even so, how is it that these ‘holier than thou’ career politicians can leave pensioners freezing while giving train drivers big fat pay rises to sit in their warm cabs.

There were some frightening announcements today, especially from a business point of view. The increase in employers’ National Insurance, which will squeeze £15 billion out of already struggling businesses, was the real killer. But hikes in Capital Gains Tax and the minimum wage, plus an Income Tax threshold freeze until at least 2029, also battered workers, businesses and the economy. Beer might be a penny a pint cheaper, but good luck finding a pub that’s still open.

Thinking about it, the pub gag is almost a metaphor for the entire rotten budget. The Chancellor appears to throw you a bone, but then gleefully grabs it back. ‘Invest, invest, invest!’ she said in her opening comments, before making the UK a whole lot less attractive a place to run a business. It makes no sense and once again proves Labour don’t get business.

And if evidence is what’s required to prove my point, take a look at the Chancellor’s own growth forecasts which see GDP rising from 1.1% this year to a staggering 1.6% come 2029. If you ask me, that’s pretty damn close to an economy still on life-support five years after the ‘recovery plan’ was put into action.

Oh, and did I mention interest rates and inflation will stay higher for longer thanks to today’s budget? No? Well they will and I have now.