If Truss doesn’t U-turn on tax cuts, we’re heading for stagflation

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Saturday 20 August 2022 15:36 BST
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Does she believe that if only British workers weren’t paying exorbitant taxes, they’d work harder to produce more good and deliver services, and that this would reduce inflation?
Does she believe that if only British workers weren’t paying exorbitant taxes, they’d work harder to produce more good and deliver services, and that this would reduce inflation? (Getty)

Liz Truss seems to believe that tax cuts and more “graft” will solve an economic crisis.

Does she believe that if only British workers weren’t paying exorbitant taxes, they’d work harder to produce more good and deliver services, and that this would reduce inflation?

Shame that most of the tax cuts will go to the rich, and most of the goods in short supply are produced abroad – and that “lazy” British workers can’t pay for food and heating even working as hard as they already do.

Cue either a Truss U-turn or further depleted public services – and stagflation.

Ian Henderson

Norwich

Partying PMs

If one were to compare the prime ministers of the UK (incumbent and incoming) and Finland, and their definition of what constitutes attending a party, I’d prefer one who exercises her right to party and let her hair down in her private time to one who parties in working time, and one who craves support and votes by exercising the wild fantasies of the right of her party.

The latter pair have let and are letting us all down, to the strains of “It’s My Party and You’ll Cry If I Want You To”.

Rick Biddulph

Farnham

Dance with the ones who brung ya

Truss will be trussed to the extreme right – the Brexiteers – and led to the tiger pit, where she will be expected to “perform” to keep them onside. You’ve gotta dance with the ones that brung ya.

Watch every protection, regulation and standard get stripped away. The state will begin to rot for want of investment. Big business and privatised utilities will be left unchecked, and the EU will be baited into trade wars.

Platitudes will be bandied around like deckchairs on the Titanic until we are dizzy with the ineptitude of it all.

Meanwhile, the kingmakers, in the form of the Tory party members, actually believe that the individual currently on holiday in that dreadful place, the EU, is still the best person for the job – despite having a charge sheet as long as your arm.

Lynn Brymer

Ashford

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Broken promises

When the privatisation of water was first proposed during the Thatcher administration (with much opposition from many people) one of the main justifications was that private investment would finance the replacement of old and dilapidated water pipes and sewers.

That was over 30 years ago, and it seems that since then the privatised companies have directed their efforts more to increasing the salaries and bonuses of CEOs and higher executives than to improving the infrastructure.

Any government that promised to renationalise, without compensation, these companies and limit salaries and bonuses of senior staff would get great approval from the majority of voters.

It would also help if fines handed out to companies who want only to pump raw sewage into the sea and rivers should be paid by the bosses and not the companies themselves.

Patrick Cleary

Stonehouse

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