“Is life in the UK really as bad as the numbers suggest? Yes, it is”

Jan 21, 2023 | In the news

An independent (financial adviser’s) view

In films, the lives of seemingly random characters often coincide, entwine and lead to a (in my favourites, at least) happy ending. So here are some random quotes, facts and stats from my reading this week: ‘In 1516 Thomas More described the ideal health-care system, where “hospitals are well supplied with all types of medical equipment and the nurses are sympathetic. Though no one is forced to go there, practically everyone would rather be ill in hospitals than at home.” ‘Downing Street has warned health ministers they will have to find savings from their own budget if they want to offer NHS workers more money in an effort to end the growing wave of strikes’. ‘Last year, £2.6bn of bonuses were paid to London investment bankers, the bailout of the banks in 2008 cost an estimated £137bn and the Bank of England has to date spent £895bn on its programme of “Quantatative Easing’”, buying government debt, often termed “printing money’’’.  Oh, and ‘Trains in northern England are less reliable than in war-torn Ukraine, figures show’. Just saying. And hoping for a happy ending.

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“Rachel Reeves may be forced to raise taxes”

“Rachel Reeves may be forced to raise taxes”

Why did she/they (in the old sense) think that tinkering around with IHT and CGT would be enough to sort out the NHS; and the potholes; and…and the list goes on. My guess is  that they asked the Treasury for a list of anything not involving income tax that they could get away with lightly, although they should already have learned from the winter fuel stuff that all publicity is not good publicity.