London Daily

Focus on the big picture.
Saturday, Aug 01, 2026

Lowering taxes best way to attract investments and to avoid recession, says Liz Truss. Sunak has no economic plan, only a wish to fight as PM the inflation he as a chancellor created

Vincent Swift
That is strange. It is strange that the political party which led Britain into this current economic disaster should be talking of winning the next election as a "hope", not as a risk. Two years ago Tories embraced golden-boy Sunak's unprecedented 400 billion pound give-away as a masterstroke. (And, to be fair, Labour weren't far behind in hailing it as a latter-day miracle)

Well, the music's stopped. Because the bill's arrived. And it's time to pay the piper.
Tory leadership contender Liz Truss has defended her plans to lower taxes, describing them as the best way to avoid a recession. Her rival Rishi Sunak "wants" to tackle inflation before cutting taxes, but has no plan how to do it. (He just "wants" but has no idea how to get it done.)

On a visit to Solihull, Liz Truss said lowering taxes would help ease the cost of living crisis.

She said she preferred this course of action over "giving out handouts" to help households hit by higher fuel bills.

Her rival Rishi Sunak wants to tackle inflation before cutting taxes, but gave no plan how to do it. He just "wants" .....whatever sounds good, but clearly has no idea how to get it done.

Ms Truss also took aim at Mr Sunak's failed economic legacy as Chancellor, after the Bank of England warned this week that the UK would fall into recession as it raised interest rates by the highest amount in 27 years.

She added: "Under the plans at present, what we know is Britain is headed for a recession.

"That is not inevitable, but we need to avoid that by making sure our economy is competitive, that we're encouraging businesses to grow and that we are keeping taxes low."

Her rival Mr Sunak said he would focus on getting a grip on inflation. But how? It seems he has no clue.

Responding to Ms Truss's comments, the former Chancellor said it is "simply wrong to rule out further direct support at this time".

"Her tax proposals are not going to help very significantly, people like pensioners or those on low incomes who are exactly the kind of families that are going to need help", said Mr Sunak, without offering them any help anyway.

He said he wants to "ensure" that the "people who really need our help do get the support that they need to get through the winter". But how is he going to get it done? How, as prime minister, is he going to solve the huge problem that he, as Chancellor, created?

Speaking at the leadership hustings in Eastbourne on Friday, he said the Tories can "kiss goodbye" to winning the next election if inflation is not brought under control quickly. But he does not have a practical plan to bring inflation under control. Not quickly, and not even slowly.

He highlighted a warning by the Bank of England that inflation could become embedded, as if he were not the Chancellor who was responsible for this problem in the first place.

The Bank of England has warned inflation - currently 9.4% - could peak at more than 13% and stay at "very elevated levels" throughout much of next year.

Mr Sunak said there would be "no hope that we're going to win that next election" amid "continuing rising prices".

That is strange. It is strange that the political party which led Britain into this current economic disaster should be talking of winning the next election as a "hope", not as a risk. Because that is the clear risk they took, knowingly, willingly .....and, from memory, even gleefully. Two years ago Tories embraced golden-boy Sunak's unprecedented 400 billion pound give-away as a masterstroke. (And, to be fair, Labour weren't far behind in hailing it as a latter-day miracle, even if it wasn't their golden-boy dishing it out.)

Well, the music's stopped. Because the bill's arrived. And it's time to pay the piper.

For sure, the current government bears sole responsibility for the economic catastrophe that has engulfed Britain during their rule. And equally for sure, this leadership contest doesn't really matter, because under the next leader - whoever it is - they will not find a solution to it. (Though Truss is at least making the right noises; whereas Sunak is still just sounding off, quite nicely, same as usual.)

But actually, Sunak's impetuous, mindless, Treasury-emptying giveaway isn't the root cause of the UK's financial problems. It's merely the latest and greatest, record-breaking instance symptom of it.

The root cause is that the political system in Britain - and everyone who is part of it - is designed to perpetuate the extraction of ever greater taxes from the public, purely to pamper those who control it, while providing a minimal level service to the brainwashed public which is just about shiny and sweet enough to keep them from outright revolution. This system is actually just the latest iteration of Britain's age-old screwing of its citizens from nicely-straightforward village feudalism, refined in the days of Empire as rapacious colonialism, brought home to our post-World War Two towns as enlightened but expensive socialism, and "re-imagined" for the connected cities of today's brave new world as "caring government".

(As usual, the French have a more elegant way to describe it: Louis XIV's finance minister Colbert - Sunak's equivalent - believed that “the art of taxation consists in so plucking the goose as to obtain the largest possible amount of feathers with the smallest possible amount of hissing." You can use that one, Rishi. You're welcome.)

Britain's political system is not a democracy, but in fact a bureaucracy. It is a bloated, bureaucratic monster where the hard-pressed, hard-working public is being bled dry to finance a huge apparatus of leeches, who contribute nothing real to Britain's security, economy or well-being. Where a vast swarm of public servants receive huge salaries and outrageous benefits, and gorge themselves on the taxpayers' flesh, in exchange for doing nothing for the public and everything for themselves. Where the greediest parasites at the top are hidden from public view by the multiple layers they have inserted between us and them. And where you can't see their blood-sucking hydra heads that you'd chop off (metaphorically speaking of course) if they popped up in your local pub.

The British public sector consists of thirty percent of public servants who are essential, useful and loyal to the public, and seventy percent of lazy, useless, vicious leeches who take credit for the wonderful work done by the virtuous thirty percent.

This is the real underlying problem of the British economy. And it is not going to be solved by putting a marginally more useful idiot in charge of the village, let alone the country.
Newsletter

Related Articles

0:00
0:00
Close
Finland Deploys Commercial-Scale Thermal Batteries Using Crushed Rock to Store Renewable Grid Energy
Valued at $109 Million: F-35B Fighter Jet Crashes in Southern California
Sainsbury Agrees to Sell Argos in £120 Million Deal to Private Consortium
High Court Clears Way for Construction of Chinese Embassy at Royal Mint Court
UK Fuel Prices Climb to Multi-Month Highs as Strait of Hormuz Tensions Disrupt Oil Supplies
Severe Summer Drought and Record Heat Put UK Harvests at Risk
Prime Minister Andy Burnham Faces Labour Backbench Opposition Over Potential Support for New North Sea Oil and Gas Drilling
Bank of England Warns Inflation Will Stay Above 3% as Middle East Energy Shock Prolongs Cost-of-Living Pressures
Andy Burnham has Announces Plans to Redistribute Income Tax Revenue to English Mayors
Early-Release Scheme Faces Fresh Scrutiny as Reoffending and Prison Recalls Rise
Police Phone Checks Followed Report on Murder of MI5 Agent Inside Sinn Féin
Archbishop of Canterbury Reaffirms £100 Million Reparative Justice Fund During Ghana Visit
Charities Allege French Police Used Tear Gas Against Channel Migrants
Norwegian Teenager Convicted Over Iran-Linked Murder Plot in Britain
Christian Organisations File Charity Complaints Against Amnesty International UK
Ofgem Tightens Grid Connection Rules for New Data Centres
FTSE 100 Reaches Record High Despite Global Technology Sell-Off
Millions of UK Households Urged to Check Eligibility for Winter Energy Discount
Labour Restores Parliamentary Whips to Diane Abbott and Joani Reid
UK Supreme Court to Hear Challenge Over Palestine Action Ban
UK Commits More Than £8.4 Billion to Dreadnought Nuclear Submarine Programme
England Declares Severe Drought as Wildfire Burns Near Sizewell Nuclear Site
Bank of England Holds Interest Rates at 3.75% as Middle East Tensions Fuel Inflation Risks
Drought Status Extended Across All of Wales as Heat and Dry Weather Deepen Environmental Strain
Record-Low Danube Exposes Probable Mammoth Remains in Bulgaria
UK Business Confidence Climbs to Four-Month High
Greater Manchester Gains Expanded Powers Under Regional Funding Reforms
UK Supreme Court to Hear Appeal Over Palestine Action Terror Ban
Shell's Quarterly Profit Doubles to Nearly $10 Billion on Higher Energy Prices
UK Government Removes VAT From Household Electricity Bills
Exceptional Drought Grips Half of England as Wildfire Threatens Sizewell
Bank of England Holds Interest Rates at 3.75% as Inflation Risks Persist
US Says It Has Carried Out Heavy Strikes on Iran After Attempted Attacks on Its Forces
The chief executive of the popular gaming company laid off many employees and his pay rose to 38 million dollars
UK Employment Holds Steady as Wage Growth Remains Moderate
England to Introduce Artificial Intelligence into Secondary School Curriculum
Wales Launches £1.2 Billion Industrial Regeneration Programme
High Court Upholds UK Digital Surveillance Framework
Northern Ireland Reaches Budget Agreement on Infrastructure and Public Sector Pay
Home Office Expands Digital Border Checks Nationwide
UK Approves Major North Sea Wind and Carbon Capture Project
The World's Most Terrifying Smartphone: Recording, Documenting, and Reporting to the Regime
Scotland Approves Major Renewable Energy Expansion
UK and United States Sign AI and Semiconductor Cooperation Pact
UK Treasury Tightens Fiscal Controls After Gilt Market Volatility
Bank of England Holds Interest Rates at 4.5%
UK Unveils £10 Billion NHS Funding Overhaul and Workforce Reform
The AI User Nightmare: Private Claude Conversations Leaked to the Internet
UK: Former Football Association Leaders Call for World Cup Boycott Over FIFA Privatization Plan
Forbidden Love: China severs millions from their virtual partners
×