With its Spring Statement on 26 March 2025, the Government doubled down on the disastrous policies which have caused chaos in our economy.
Businesses next week will have to hike prices or cut staff to pay for Labour’s jobs taxes.
Hospices looking after the terminally ill will also have to find savings, somewhere, to pay the taxman.
Many farmers from next year will have to sell up to pay punitive inheritance tax bills. The fact is that the Chancellor’s policies have halved growth, yet she came to the House on Wednesday expecting the country to thank her. The UK needs a completely different approach — one which champions enterprise, growth and innovation.
In Nick Timothy’s question to her, he pointed out that the problem lies with her decision to increase spending eight times faster than she promised in Labour’s manifesto. When he asked her to rule out more tax and borrowing in the Budget later this year, she refused to do so.
Labour are clearly coming back with more and more tax rises, which will be disastrous for households and businesses in Suffolk.
