Autumn statement stealth tactics
Planet Normal
Louisa Wells
4.7 • 2.9K Ratings
🗓️ 17 November 2022
⏱️ 59 minutes
🧾️ Download transcript
Summary
Tax is the word on our co-pilot’s lips this week as Chancellor Jeremy Hunt unveils the Autumn Statement. But with some bold moves expected, could there be Tory mutiny on the horizon?
Liam is frustrated at the cynical use of ‘stealth taxes,’ which he worries might drive the economy into deeper recession and break already delicate bonds of trust between the public and the state.
Allison thinks the Chancellor has made ‘cowardly decisions' in order to satisfy the left-wing media and opposition, and that tax hikes could alienate the core conservative base.
Also joining our co-pilots on the capsule of common sense this week is anonymous GP 'Dr Clare,' who reveals the cost that lockdown has had on accessibility to healthcare. Dr Clare also raises the alarm about excessive bureaucracy and layers of management hindering the health system.
And Professor Velma makes a welcome return to the rocket…
Read more from Liam: https://www.telegraph.co.uk/authors/liam-halligan/ |
Read more from Allison: https://www.telegraph.co.uk/authors/a/ak-ao/allison-pearson/ |
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Transcript
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| 0:00.0 | The Telugu... |
| 0:02.0 | ...podcasts. |
| 0:09.0 | Five. |
| 0:10.0 | J.M. has to take horrible decisions for his autumn statement, horrible for whom? |
| 0:16.0 | I hear listeners cry. |
| 0:18.0 | Or it's deeply unwise, I think, to conduct fiscal policy in this way at this time. |
| 0:26.0 | We need more beds, we need more tests, we need more doctors, we need more care workers. |
| 0:32.0 | Nothing works. We're on our own. Don't get ill. Don't get old. |
| 0:45.0 | Welcome once again to Planet Normal, the Telugu-ov podcast with Alison Pearson. |
| 0:49.0 | Hello. |
| 0:50.0 | And me, Liam Halligan, well it's autumn statement time co-pilot, an event sent to be so miserable |
| 0:57.0 | that even the likes of you and me armed with Planet Normal's trusted combination of chin-up humour and bonnemy, |
| 1:02.0 | will struggle to get a laugh out of it. |
| 1:05.0 | Recording this prior to Thursday morning statements as we are, |
| 1:08.0 | Chancellor Jeremy Hunt looks at an unleashed barrage of stealth taxes, |
| 1:12.0 | freezing thresholds so more and more modestly played, |
| 1:15.0 | not particularly wealthy households are dragged into higher income tax brackets, denied child benefit payments, |
| 1:21.0 | and stung by inheritance tax on very modest homes. |
| 1:25.0 | That means that even if tax rates don't go up themselves, the UK's tax burden, |
| 1:30.0 | the share of our economy accounted for by tax, most certainly will. |
| 1:35.0 | Already around 36%, that tax burden is at a 70-year high. |
| 1:40.0 | And under Prime Minister Rishi Surnak and Chancellor Hunt, it's now set to rise higher still. |
... |
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