Morning Star: We need an emergency Budget – but there’s no relief in sight

Spread the love
Chancellor of the Exchequer Jeremy Hunt leaves 11 Downing Street, London, with his ministerial box before delivering his Budget in the Houses of Parliament, March 6, 2024

BRITAIN needed an emergency Budget today, one that addressed the profound crises facing local authorities, healthcare, education, you name it.

It got nothing of the sort. A scattering of headline investments like the “NHS productivity plan,” focused on IT systems and ignoring the staff shortages that have led to waiting lists seven million long.

A 2p cut to National Insurance that benefits higher earners more and, by reducing the tax take, tightens the funding squeeze on essential services. Bigger cuts to capital gains tax, incentivising the property speculation that has helped drive the housing crisis.

It was a complacent Budget, Chancellor Jeremy Hunt spending longer trying to explain away Britain’s “technical” recession as some kind of economic success (the same Chancellor said last year he was “comfortable” with Bank of England policy causing a recession to reduce wages) than he did outlining new measures that might make a difference.

Britain has “turned the corner” on inflation, he claims, though prices rising more slowly doesn’t mean prices falling and millions of us know what we pay for food, energy and a roof over our heads has soared in recent years.

There is plenty of money. Last month Britain’s Big Four banks announced their highest annual profits ever.

We see record-breaking profits in the energy cartels, big agribusiness, soaring profit margins in the FTSE 350 table of big companies. These aren’t “difficult economic circumstances.” It is class war.

And if Labour won’t strike a blow for workers in that war, unions will need to find another way to change our country’s direction.

Continue ReadingMorning Star: We need an emergency Budget – but there’s no relief in sight

Hunt gambles on tax as services crumble

Spread the love

https://morningstaronline.co.uk/article/hunt-gambles-tax-services-crumble

Chancellor of the Exchequer Jeremy Hunt leaves 11 Downing Street, London, with his ministerial box before delivering his Budget in the Houses of Parliament, March 6, 2024.

PUBLIC services are at still greater risk as Chancellor Jeremy Hunt gambled the Tories’ election hopes on a last-ditch tax-cutting Budget.

Mr Hunt announced a 2 per cent cut in National Insurance in a bid to put more money in workers’ pockets before Britain goes to the polls later this year.

But the price will be a major squeeze in public spending in the next parliament, with many department budgets likely to fall in real terms.

The Chancellor also abolished the non-dom tax rule which lets the wealthiest avoid paying taxes on overseas earnings, a key Labour pledge, and brought more families within the scope of child benefit payments.

The Budget therefore leaves Labour more politically denuded than ever — it will either have to find other ways to raise the money it had planned for public services from scrapping the non-dom loophole, or more likely drop residual spending commitments altogether.

Labour leader Sir Keir Starmer told MPs that Labour supported the National Insurance cut too, leaving the parties exchanging rhetorical sound and fury on economic policy but with no significant differences.

https://morningstaronline.co.uk/article/hunt-gambles-tax-services-crumble

Continue ReadingHunt gambles on tax as services crumble

Extremism adviser has received funding from Israel lobbyists, Declassified UK finds

Spread the love

https://morningstaronline.co.uk/article/extremism-adviser-has-received-funding-israel-lobby-declassified-uk-finds

MP for Barrow and Furness, John Woodcock

THE government’s “independent” adviser on political violence and disruption has received funding from pro-Israel groups while pushing for a crackdown on pro-Palestine protests, Declassified UK revealed today.

Former Labour MP John Woodcock — ennobled as Lord Walney for backing Boris Johnson in the 2019 election — was assigned in 2021 to produce a report investigating “the extreme fringes on both ends of the political spectrum” in Britain.

During his time as a Labour MP, he was appointed chairman of Labour Friends of Israel (LFI) in 2011. He embarked on a trip funded by LFI, the Israeli Ministry of Foreign Affairs and the Portland Trust the same year.

Lord Walney also accepted funding from the Australia-Israel Cultural Exchange during his time as an MP.

In January this year, while preparing to deliver his report concerning Palestine protests in Britain, Lord Walney visited Israel as part of a parliamentary delegation organised by the European Leadership Network, with flights and accommodation paid for by the organisation. He kept the trip under wraps and did not post about it on social media.

https://morningstaronline.co.uk/article/extremism-adviser-has-received-funding-israel-lobby-declassified-uk-finds

Continue ReadingExtremism adviser has received funding from Israel lobbyists, Declassified UK finds