Ross Clark, columnist for The Sun, joins Mike Graham to discuss the potential of Rachel Reeves raising taxes again as the cost of living worsens and inflation rises.
The discussion centres on the UK’s economic challenges, particularly persistent inflation (reported at 3.8%), rising food prices (up 5.1%), and the impact of increased National Insurance contributions on businesses and employment.
Ross Clark argues that recent tax and policy changes are leading to higher costs for employers, especially those with part-time staff, resulting in job losses and greater reliance on casual labour.
The conversation also references a report from the Resolution Foundation, noting that average household incomes are significantly lower than they would be if previous growth trends had continued.
Both Mike and Clark criticise the economic management of recent governments, highlighting ongoing deficits since 2001 and warning that the country faces severe difficulties.
Credit to : TalkTV