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#disabilitybenefits

3 posts3 participants0 posts today

"If you have previously announced that you will only make major fiscal decisions once a year, there is no reason at all to think the bond market will react to the OBR forecast in a more significant way than any other piece of public finance news. Nor does cruelty earn you market credibility.

"The less charitable answer as to why she didn’t take the adult response of deferring decisions until October is that the Chancellor found it politically convenient to suggest she had been forced to cut disability benefits in order to retain fiscal credibility"

#UKPolitics
#DisabilityBenefits

mainlymacro.blogspot.com/2025/

mainlymacro.blogspot.comWhy can’t we do fiscal policy in a grown up way?  I suspect to most people what Rachel Reeves announced yesterday went like this. The OBR published a forecast, something it has to do twic...

"Does it want to actually cut our national income because take £5 billion out of the money available to people who are on low incomes, and that amount of spending will automatically disappear from the economy, in other words, harming Labour's growth agenda as a consequence, which makes no sense at all."

I don't think appeals to this government asking them to show empathy and fairness are going to wash, the chosen rhetoric involving people with disabilities shows they see callousness, cruelty and abuse as desirable features. They might be swayed by the economic argument for not cutting disability benefits but it needs to be shouted at them repeatedly.

By and large people on benefits have to return their income to the national economy almost immediately. They can't remove it from the economy to make it more tax-efficient. These "economically inactive" people have no option but to actively stimulate economic activity.

#UKPolitics
#Labour
#DisabilityBenefits

taxresearch.org.uk/Blog/2025/0

Funding the FutureTariffs, fascism, and the required responseTo the surprise of no-one who has been watching what Donald Trump has been doing since he won the US Presidential election last November, but to the immense surprise of the world's car makers, who appear not to have noticed what he is up to, he imposed 25% tariffs on...