There Should Be a General Election Not a Budget

People in the United Kingdom are  not very well off.  They have what seem like European-level incomes but their living costs are so high, and the real tax burden so onerous their standard of living is much lower than in the rest of Europe.  The merest observation, the slightest experience of life-style abroad tells them this.  Lower energy bills, lower local taxes, lower central taxes on families with dependants, higher levels of entry into the tax system at all,  cheaper food of better quality, dramatically better schools and health services, transport infrastructures modern and relatively inexpensive, properly defended human rights, a properly defended constitutional democratic system.

When Labour announces a 'March budget' that will make  rich people pay for the deficit, we know that this is a lie on many levels.  There are rich people in England - the purpose of most of Brown's years of fiscal folly has been to make England an ideal residence for rich people.  They do not pay tax at onerous levels, to describe the situation mildly.  But in all those years of Brown's 'absolute control over the economy' he borrowed to provide those improvements of which he and his Labour party boast.  He borrowed from the future, indeed the futures of those not particularly well-off people who now are to be taxed to pay for what they were given and for what was redistributed from all that borrowing, to profit-takers.

The 'March Budget' may very well not be delivered as an actual budget, as  Capitalists@Work note.  

Discussion of this 'March Budget' could well be a flagrant act of propaganda, of fantasy conforming very precisely to the misconceptions of ordinary, not very well-off people, about their situation, to attract over the objective dreadfulness of our present and our economic outlook, their allegiance and their vote.  In the meantime fears of the situation of major UK banks exposed to very high levels of United Kingdom sovereign debt on the encouragement, indeed insistence of Brown's regime, have driven the costs of insurance of that sovereign debt higher than for Spain.

This irresponsible regard of all institutions of our state as nothing more than the means, the presentation of opportunity to remain in power, is delineated in market movements but in a worse part of reality,  damages the lives and life chances of tens of millions.