Higher taxes destroy prosperity and growth

2 months ago 23

In the last budget the government said it wanted more jobs. It put up tax on employing people. Vacancies fell, Unemployment shot  up. The government wanted more food grown. It increased tax on family farms. Farmers gave up farming or looked for ways to switch out of food growing. The government wanted to back UK…

In the last budget the government said it wanted more jobs. It put up tax on employing people. Vacancies fell, Unemployment shot  up.

The government wanted more food grown. It increased tax on family farms. Farmers gave up farming or looked for ways to switch out of food growing.

The government wanted to back UK industry but intensified bans and dear energy  to decarbonise.There has been a tsunami of big industrial closures.

The government wanted to tax the rich more. 16,000 millionaires left the country to escape all UK tax

If tomorrow the government taxes people’s homes more that will do more damage to the housing market. It will be another obstacle to their lie  in the sky dream of building 1.5 m homes

If they persist with their new tariffs or carbon border tax that will upend their wish to grow faster via more trade.

If they impose a user tax on battery cars that will slow their wish to see more sales of these vehicles

If they continue  with current bans and windfall taxes on UK oil and gas they will speed the developing collapse of that industry and our whole petro chemical industry.

If they add to the bank tax that will  slow down loans and credit needed to power growth

If they tax pension saving more, people will invest less

 

 


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