After it emerged that the government was facing a larger-than-expected deficit in the public finances, Chancellor Rachel Reeves vowed to “counter” the pessimistic forecasts for the UK economy.
The Chancellor has sworn an oath, but if it were an oath, politicians would do nothing; they would simply swear to resolve all the problems. Rumors of Reeves’s new economic package surfaced even before it was unveiled. While the anticipated tax increases for high-income earners have yet to be confirmed, the public, who have lost hope in the package, are not particularly interested. It’s been months since the public abandoned Labour.
When Reeves took office, she claimed there was a £20 billion budget deficit. More than a year later, the £20 billion deficit remains. Taxes have been raised, and stamp duty has been raised, but to no avail. Everyone knew it wouldn’t work. Except for Rachel Reeves and her boss, Prime Minister Starmer. Now they are preparing to give the public a new package of hope, but they are helpless. They have killed the people’s expectations… A people without morale, unfortunately, also loses faith.
