Observations

Will she, won’t she?

The news is full of stories about Liz Truss and Kwast Kwarteng, tax U-turns, the Bank of England, and the IMF. Some MPs in the Parliamentary Conservative Party have added to the situation with what appears to be an electoral death wish.

In the current shambles, three things stand out. Firstly the need for facts, secondly the need for much better communication of policies generally, and thirdly the need for a PM and Chancellor to explain the policies much more clearly to their own MPs.

Tax cuts work for us all, not just the rich

In yesterday’s joint report with CIBUK, Facts4EU.Org dramatically demonstrated the clear rationale for tax cuts, based on actual results from the last 30 years.

We showed how – paradoxically – tax cuts promote growth, increase a government’s tax revenues, and put more of the income tax burden on the richest, not less.

Brexit Britain is growing fastest, says IMF (no doubt through gritted teeth)

On Wednesday we highlighted the fact that Brexit Britain has the fastest-growing economy in the G7, faster than the “World average”, faster than the average of the group of “Advanced Economies”, and faster than the group of “Other Advanced Economies”.

And all of this came from the International Monetary Fund’s own report. This is the same organisation whose Bulgarian President publicly lectured Liz Truss’ government yesterday in Washington D.C.

There’s a deficit of official facts out there

In today’s report we have shown that in the latest official figures, the UK’s deficit (excess of current spending over income) is in fact lower than the EU27 average. Not only that, but the UK’s gross government debt is significantly lower than that of the EU’s No.2 and No.3 economies.

Firm hands on the tiller

In difficult economic times what is needed in the interests of the United Kingdom as a whole are firm hands on the tiller. This applies whatever the government’s political hue.

We have consistently warned of stormy weather ahead. We would suggest that now is the time to don life-jackets, not to toss your Captain and First Officer overboard.

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