Oh dear … here’s Precious Andy explaining in 2016 that the free movement of people has destroyed jobs in the UK… He’ll say anything for power. But you must know that by now. It’s just a race to the bottom hey Andy?

Bir adam, belediyenin bir mevsimde yapamadığı işi anında yaptı.

There’s a lot of self-serving spin emanating from the UK government about how virtuous it is re fiscal consolidation. Here are the facts. Labour inherited an OBR budget deficit forecast of £87bn (3.1% GDP) for FY2024/25. After R Reeves’ 1st disastrous budget the actual deficit was £153bn (5.2%). Massive jump. Labour inherited OBR budget deficit of £77bn (2.7%) for FY2025/26. After RR’s disastrous 2nd budget that turned out to be £133bn (4.3%). So in its first two years it added over £120bn to borrowing/deficit (despite huge increase in taxes). The OBR forecast it inherited for this FY2026/27 was £69bn (2.3%). It is now forecast to be £116bn (3.3%). That looks like an underestimate. More likely to be closer to £130bn again. Inherited budget forecast for 2027/28: £51bn (1.6%). Latest forecast: £97bn (2.9%). Inherited budget forecast for 2028/29: £39bn (1.2%). Latest forecast: £86bn (2.5%). Far from fiscal consolidation Labour is forecast to borrow an incredible £260bn more over the 5 years from 2024/25 than the forecasts it inherited. Despite the tax rises. Which will continue. Alone among G7 countries the IMF projects the UK tax burden to rise by 3.7% of GDP 2025-31. The only other country with a rising tax burden is France (0.8%). Italy is static. Rest of G7 have falling tax burden. And let’s not forget Labour’s so-called ‘fiscal consolidation’ is all backloaded to end-decade. Unlikely to happen. So taxes will have to rise by even more.