The Who famously sang; “Meet the new boss, the same as the old boss”. Well, in some ways, that’s what we’ve ended up with. Some will say we HAVE, to quote the famous chorus, been “fooled again”.
Chancellor Jeremy Hunt’s recent consigning of the Free Market buccaneers’ manifesto to the dustbin of history, to join other failed attempts at ‘trickle down economics’, and his reworking of Churchill’s “blood, toil, tears and sweat” mantra, appear to have elicited a predictable reaction from the right wing press and the usual low tax, small state Members of Parliament, parroting the kind of slogans that have been around for decades. In some circumstances that means further borrowing.
Most countries, developed or otherwise, are having problems as we emerge from the COVID pandemic and many in the West need to readjust their economies to cope with an aggressive Russia and the threat from climate change. However, our country has conceded own goals, prominent amongst them being Brexit, which is far from ‘done’, despite what many enthusiasts would have you believe.
To pay for much of this we have had to rely on the Council Tax. The problem is that it is a regressive tax and based on property values of thirty years ago. A proper property revaluation was undertaken in Wales in 2003 but England still awaits. If it ever does happen, many people will be in for a shock. This tax on the value of property was never intended to cover more than a third at most of the cash a council like Lincolnshire needed. Now it accounts for around 50%.
Had its day! Over priced tat.. much better markets in other cities
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