From the point of view of a London Metrosexual like myself it’s probably not a viewpoint we even see. However many people are not interested in what happens beyond their parish. They don’t see the need for Globalised supply chains and EU or IMF. In many ways they’re not even tribal.
Taxes on wages and consumption are rising and taxes on profits are falling and indeed some land taxes are falling and in relation to the value of land in say London dropping off a cliff.
As economic policy boosts land prices [low rates uncontrolled lending] and the debt associated with it [Mortgages] essentially Govt is moving money to landowners and finance. Thus Ferrari dealers, Estate Agents and large Cigar salesmen may never have had it so good but shops will close and the high street and online traders suffer.
People can point to rising GDP but per Capita that is moot and indeed tax revenue is amazingly static if the economy is really growing. That GDP is 11% the imputed rent [paid to yourself if you own your own house!] so whether it has grown and by how much is surely a debate. Yes GDP is a flawed stat but the only one we have….
The Chancellor is essentially stripping demand from the economy (taxes on wages, VAT reduced tax credits (still happening), reduced Dole, reduced Govt Spending, raised rents) etc. To balance the books he is selling off state assets a thing that has failed miserably – privatised utilities often don’t pay UK tax and many have balance sheets so stripped Govt needs to guarantee their finance removing any point to the sell off.
This may actually end up worse than Brown who wasted 100s Billions on RBS and others in free money, bailouts and PFI. However both seem to believe an economy based on rents and usury can make up for not making or producing anything else and they seem determined to achieve that.
Theresa May had the shadow of a point when saying foreign workers could cut wages. Evidence that does exist is for people in the bottom decile and is marginal. However with the rise in minimum wage and the end of tax credits you’re about to either get a bigger wage rise or a bigger income fall.
So why does May lie? Is it to become leader knowing that the pensioners who support her are dominant members of the Tory party? Is it because she is a functioning moron? Is it cos she is a weak gallery player as she showed when releasing Gary McKinnon cos the Mail took pity on his mum? Is it just to cheer and be cheered by the morons in the hall? To troll the decent?
Her last big lie was about the Human Rights Act something post election her party seems to have forgotten as the full ludicrousness of position is revealed. It does seem it will be ramped up as an issue for tabloid readers 2019…
We cannot be sure of Mrs May’s motivations or intelligence but we can say that one hopes all she leads is the sack race. Regardless of viewpoint a lying or really dumb politician should not hold major office.