A close associate of the Chancellor, Rachel Reeves, has revealed the underlying logic behind the November budget, which increases the tax take by £26billion.
‘It’s all about revenge,’ said the source. ‘The Tories handed the government a massive black hole, unfunded commitments, and an economy in really bad shape. As far as Rachel is concerned, it’s payback time.’
‘She’s working on the basis that Labour will lose the next election. Probably to Reform or some other populist nationalist nihilist coalition. So she’s showing her core labour values now by spending big on the minimum wage and on benefits, but she won’t actually raise the money to pay for it until shortly before the next election. And she’s raising the money from the well-off, which will also please the red wall. Let’s hope those buggers don’t skip the country before the tax rises kick in.
‘So, whoever wins the next election will be presented with a total budget nightmare, with taxes rising across the board and the benefits that it funded long forgotten. This is Rachel’s revenge for the mess that she was handed. She has copied the tactics used by the Tories in the run-up to the 2024 election. The Tories won’t win in 2029. They are so far down the toilet that they’re practically on the beach. So some other deserving party will have to step up. Your Party, perhaps? That’s sarcasm, by the way.
‘Rachel’s nightmare, of course, is the risk of re-election in 2029. But she’s got plenty more budgets to come, so she can do her best to wreck any chances of re-election. And she’ll be able to ramp up the pain for her successors by continuing to help the low paid and continuing to defer the bills until later. Revenge is a dish best served cold.'
