The tax-and-spend timebomb

This one-term Labour government will bequeath a wretched economic mess

KEIR STARMER’S GOVERNment has something to be said in its favour: it will be in office for only one term. At this year’s general election the Labour Party may have secured 411 members of Parliament, but its vote share was an unconvincing 33.7 per cent. The Conservatives’ support slumped from 43.6 per cent in 2019 to 23.7 per cent in 2024, and they have much ground to recover. But it is clear — only a few months into its existence — that the present Labour government is much worse, in almost every respect, than its predecessor. This raises an alarming question: “What will the British economy be like in June 2029 when the Conservatives or a Conservative-dominated coalition takes over?”. Two subsidiary questions are implied. Will taxes be higher —…

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The Critic (Digital) - 1 Issue, November 2024

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