{"id":65535,"date":"2022-11-07T07:49:12","date_gmt":"2022-11-07T07:49:12","guid":{"rendered":"https:\/\/www.taxresearch.org.uk\/Blog\/?p=65535"},"modified":"2022-11-07T07:49:12","modified_gmt":"2022-11-07T07:49:12","slug":"the-wrong-economic-policy","status":"publish","type":"post","link":"https:\/\/www.taxresearch.org.uk\/Blog\/2022\/11\/07\/the-wrong-economic-policy\/","title":{"rendered":"The wrong economic policy"},"content":{"rendered":"<p>It <a href=\"https:\/\/www.theguardian.com\/politics\/2022\/nov\/06\/jeremy-hunt-set-to-outline-60bn-in-tax-rises-and-spending-cuts\" target=\"_blank\" rel=\"noopener noreferrer\">is reported this morning<\/a> that Jeremy Hunt is planning a \u00a360 billion package of tax increases and spending cuts to be announced on 17 November.<\/p>\n<p>This, of course, may not be true and might be a deliberate Treasury misinformation exercise. But I doubt it.<\/p>\n<p>I could write at length on the folly of this, and the dire outcomes that will result. Or i could share this tweet I posted not long ago:<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-large wp-image-65536\" src=\"https:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2022\/11\/Screenshot-2022-11-07-at-07.45.52-550x549.png\" alt=\"\" width=\"550\" height=\"549\" srcset=\"https:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2022\/11\/Screenshot-2022-11-07-at-07.45.52-550x549.png 550w, https:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2022\/11\/Screenshot-2022-11-07-at-07.45.52-301x300.png 301w, https:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2022\/11\/Screenshot-2022-11-07-at-07.45.52-768x767.png 768w, https:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2022\/11\/Screenshot-2022-11-07-at-07.45.52-401x400.png 401w, https:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2022\/11\/Screenshot-2022-11-07-at-07.45.52.png 1178w\" sizes=\"auto, (max-width: 550px) 100vw, 550px\" \/><\/p>\n<p>We are being driven to not just recession but to depression, and all for no reason.<\/p>\n<p>But you can be sure Labour will do nothing to stop it: Starmer and Reeves talk nonsense about how they will save the country by abolishing the domicile rule whilst this is going on in a vain attempt to disguise their own incomprehension on how public spending is really funded and their own dedication to austerity.<\/p>\n<p>I despair.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>It is reported this morning that Jeremy Hunt is planning a \u00a360 billion package of tax increases and spending cuts to be announced on 17<br \/><a class=\"moretag\" href=\"https:\/\/www.taxresearch.org.uk\/Blog\/2022\/11\/07\/the-wrong-economic-policy\/\"><em> Read the full article&#8230;<\/em><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[96,35,118,106],"tags":[],"class_list":["post-65535","post","type-post","status-publish","format-standard","hentry","category-conservatives","category-economics","category-labour","category-politics"],"_links":{"self":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/65535","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/comments?post=65535"}],"version-history":[{"count":0,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/65535\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/media?parent=65535"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/categories?post=65535"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/tags?post=65535"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}