Watching TV News and Ms Reeves assuring the CBI she wont be back for more money from them again, So if instead she comes back next year and takes from individuals instead, public will have less money to spend on business products and services ... so hitting businesses again just indirectly next time but outcome the same. If business actually think about what Chancellor actually said the future still looks discouraging for investment.
Ian
It depends who they come back to take from.
Unfortunately in bottling-it before the election on commiting to not raising anyform of income tax or VAT, nor reversing the desperate Tory vote-buying cut to NI, they've backed themselves into a bloody stupid corner. They could have increased the higher rates of personal taxation, introduced an even higher band (s) even up to a millionaire tax.
They could have introduced higher VAT rates above certain monetary thresholds.
They can close the loopholes and legal tax-avoidance vehicles that only the wealthy can afford.
They could make sure that.the likes of Amazon pay their fair share into the treasury.
They could make an additional tax on online-only vendors that needs to be ploughed back into brick and mortar high streets.
There's a lot tgat cam be done to make the wealthiest contribute a little more.
If the recent election across the pond teaches us is that we need fewer billionaires and millionaires in the world.
If Covid taught us anything it's that the world needs fewer luxury yacht builders and merchant bankers and more nurses, teachers, bus drivers and bin-men.....
Wealth needs radical redistribution. That's what a Labour government should be enabling.
