“Power-hungry Europe is leaving developing countries starving for electricity”

Oct 10, 2022 | In the news

An independent (financial adviser’s) view

It’s only when you put on your bifocals and go beyond page 8 of your average broadsheet, or listen to the World Service, that you hear about other stuff that’s going on in our Wide World. 75% of Bangladesh blacked out as rich nations secure their oil and gas supplies at the expense of the poorer; civil war leaving thousands starving in Tigre; Saudi Arabia and Iran still fighting a proxy war in Yemen with cholera running rampant as a result; and Russian airstrikes still a regular feature of life in Syria. We bemoan the insularity of most Americans, yet our own focus rarely moves beyond the same half dozen stories; and Meghan, of course. And, hey, if you’re worried about our inflation rate hitting double digits, in Turkey it’s currently 83%! Their president has famously gone for growth, and continued to cut taxes and interest rates despite everything. So there’s an interesting precedent.

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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.