Liz Truss was blessed. She had an unprecedented 10 day period of ‘grace’ after becoming PM, due to a dead queen. She took the reins and before anyone could attack her for anything, she was given 10 days to work on her plan as we were all mourning, queuing and crying. So she has no excuses. For possibly instigating nation-saving radical policies, or possibly ruining the nation’s economy forever and longer. The jury’s out and will stay that way until one or the other happens.

Her policy is basically ‘spend, spend, spend’. She must have learnt that from Mel. For whom that is generally the answer to every problem. But we do it on a relatively ‘micro’ level. Liz is a macro-babe. It’s her job. Even though she looked a lot like Kwasi Kwarteng when she said it. And this is what she/they said:

You can have all the money we can throw at you. As long as you earn more than 100k a year. Everyone else can whistle. But it better be a cheap whistle. Because you’ll get NOTHING from me or my government. Income tax is coming down. We all love that. Except the people who don’t pay any, not much difference for them. Corporation tax is coming down, great for businesses, not much relevance to a foundry worker. National insurance is reverting to its former lower rate, which is fine because its not like the health service needs much in the way of funding as we’re all healthier and younger than ever. And bankers’ bonuses are no longer capped. Fine if you’re a banker, absolutely shitty if you’re a trade unionist to whom bankers represent all the evil in the world that doesn’t speak Russian.

These measures are to encourage economic growth and overseas investment. By making Britain a great place to come and set up business. Tax is low, corporation tax is low, your bankers can earn billions and as half of London is currently empty, rent is probably cheap too. And in the slipstream of these businesses comes employment, spending, tax dollars and all sorts of benefits to our economy. That’s the plan.

But man (woman, even) plans, God laughs.

Because big earners pay big taxes, they are the biggest beneficiaries of all the tax cuts. Which pisses off lots of people, even though those top 10% of earners will still be contributing 90% of all tax paid. Yet for Mick Lynch, the leader of the RMT union, these budgetary moves quite literally shit on the heads of ‘workers’. And if its offensive enough for Mick Lynch, then its good enough for me.

Happy new world order

A xxxx