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Keir Starmer: ‘We can’t win power by spending. We need to reform and create wealth’ (www.theguardian.com)

submitted 2 years ago by [email protected] to c/[email protected]

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There‘s no end to austerity with Starmer. He rather keeps cutting public spending than taxing the rich.

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[–] [email protected] 1 points 2 years ago (1 children)

We didn't increase tax, because that's not the Tory way.

Unless you are advocating for Tory policies?

Not increasing the taxes to pay for our commitments ends up coming out as loans, paid by gilts, which we absolutely do pay back. The Tories are relying on our credit being good, so are borrowing as much as possible, which is putting our reputation at risk. This will increase the cost of borrowing, and Starmer would be a fool to promise spending without a proper funding mechanism.

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