Thursday, 28 October 2021

Analysing the Daily Express budget analysis


These days the Daily Express is basically nothing more than a pravda propaganda rag for the Tory party, so you'd have to be pretty naïve to expect anything other than heavy pro-Tory bias in their Budget analysis, but in 2021 they went the extra mile with a quite astonishing front page.

Rishi Sunak has just raised the UK tax burden to the highest level since the post-WWII recovery period in the 1950s!

He even admitted it in his budget speech, using the passive voice to say that  "taxes are rising to the highest level of GDP since the 1950s", as if the taxes are somehow rising of their own accord, rather than him being the person who is raising them!

Yet the front page of the Express blares Cheers! Rishi On A Mission To Cut Taxes

He's just raised taxes to the highest rate in over half a century, but hooray for his future ambition to cut taxes!

The disjunct between the reality and the presentation is absolutely laughable.

There are an awful lot more issues in the small print too (too many for me even to fit into the article header infographic!).

2 Billion extra for schools This might sound great if you've been living in a sensory deprivation chamber for the last 11 years, but in reality it's not enough to even return per-pupil funding back above 2010 levels this year, next year, or the year after. 

It'll finally catch up in 2024/25, meaning that an entire generation of school kids will have had their education hindered by massive budget cuts for no discernible reason whatever. Yet the Express somehow consider this decade and a half of wanton destruction of our nation's future economic potential as a cause for celebration!

£150 billion spending spree Hang on. We just suffered a decade of austerity cuts because public spending in the wake of a crisis was supposedly terribly bad, yet the debt's gone up dramatically since 2010, and now we're supposed to celebrate £150 billion in post-crisis spending as if the last 11 years simply didn't happen?

If spending in the wake of a crisis is good, then that obviously means a decade of Tory austerity extremism was pointless, ruinous self-harming, economically illiterate, and extremely bad, doesn't it?

Business Rates Boost For High Street  Everyone knows that tax-dodging online retailers have been dramatically undercutting High Street outlets for the last decade, and that giant out-of-town supermarkets are now soaking up entire family shopping budgets that used to be divided amongst perhaps a dozen different small independent High Street businesses.

Nothing's been done about this until it's far too late, and now High Streets across Britain have been reduced to derelict ghostly shadows of their former glories, occupied mainly by boarded up premises, thrift stores, gambling outlets, and charity shops.

There's some limited help on the table now, especially for the likes of pubs, restaurants, and tea rooms, but it's far too little, far too late.  The lockdown measures have absolutely hammered the majority of the retail economy by forcing them to close their doors, while online retailers and supermarket giants were allowed to continue operating, soaking up £billions in artificially inflated profits. 

There's no effort to rake any of these artificial gains back, and nor will there ever be with a Tory rich-boy like Sunak running the show.

Universal Credit Giveaway The framing here is absolutely insidious. What Sunak's actually done is ever-so-slightly reduced the amount that the state confiscates out of low-earners' wages through reduced social security payments.

Under the Tory-designed Universal Credit system the government used to confiscate 63p in every additional pound a low income worker earns, but Sunak's reduced the confiscation rate to 55p in the pound (which is obviously still more than half!). 

Somehow confiscating a tiny bit less of low-income workers' wages is a giveaway, but the £billions he's handed to bankers by cutting the Surcharge Tax to 3% isn't a giveaway.

In fact it somehow doesn't even warrant a mention!

"By the end of this parliament I want taxes going down, not up" Somehow the Express is celebrating this statement from Rishi Sunak as if it's some almost divine political objective, rather than one of the key strategies of Tory electoral politics:

Front-load all the tax-hikes and attacks on people's incomes into the years after winning power, then ease the boot of people's necks a little bit prior to the next election so they feel like things are getting better and vote Tory, and repeat, and repeat, and repeat.

It's an expression of standard, cynical, short-term electoral political strategy, not some kind of saintly moral mission!

Cheers! Rishi The main headline, and the picture of Johnson and Sunak (who doesn't even drink) holding pints are an example of the oldest trick in the budget book.

Place a slight cut in the price of a pint at the forefront of the budget, in order to distract the plebs from the horrifying details you don't really want them thinking about:
  • Highest tax rate in seven decades
  • Massive tax break for bankers
  • Cutting tax on short-haul flights (just days before hosting a climate conference!)
  • Implicit admission that austerity was a huge mistake
  • National Insurance hike for millions of ordinary workers
  • Insufficient help for High Streets
  • School funding still below 2010 level
  • No windfall tax for pandemic profiteers
Unrivalled coverage This is just about the only thing they managed to get right on their entire front page. It's so laughably bad that not even the Daily Mail or S*n managed to do worse!

 Another Angry Voice  is a "Pay As You Feel" website. Access to my online writing will always remain free. If you see some value in what I do, please consider supporting my work with a small donation/subscription.



OR



11 comments:

Anonymous said...

Well on the austerity front they've essentially gotten rid of the majority of figures involved in Cameron's front bench and its been six years or so since those days so that's a lot of distance.

Politically it's also completely taken the wind out of Labour's sails as they can refer to it now if they make any demands in parliament to up spending.

I'm basically of the opinion that one of the two main zombie parties has to die so we can actually get some political change. If Labour had won 2010 then the conservatives would have fallen under and something would have risen up to oppose them. At this point it looks like Labour have to die or we're going to be and probably will be, stuck in this endless cycle of neo-liberalism.

amiaraahmed said...

If you want any services realted to accounting, taxation, VAT, and Financial Services in Dubai, You can visit this website

Anne Phoebe said...

Students who have been caught submitting plagiarised content have been harshly punished in the past. Some of them were even expelled from the institutions, preventing the pupils from enrolling in future studies. As a result, using services that guarantee plagiarism free assignments help is always a good idea. MyAssignmenthelp.com is a gleaming name among the few genuine plagiarism free assignments help suppliers.
For many of you, literary essays can be difficult to complete. However, if you know how to put it together, preparing them will be simple. If you're having problems writing these essays, you might want to try using our Literature Essay Writing Help service. Our professionals at our literary essay writing service know just how to put together an essay. As a result, you can rely on them to deliver high-quality literary essays. These professionals will also provide you with advice on how to create this form of essay.
According to the NPD Group, Best Buy is the largest retailer of consumer electronics in the United States. Assume you're working on a legal assignment and need to spend a lot of time studying case studies. You can interpret the case study on your own or, at Best Buy Case Study help from outside sources. Otherwise, there's a good risk you'll be accused of plagiarism.
Any form of budgeting and strategy case study should begin with a review of the company's market reports and financial reports. However, when it comes to kraft foods case study analysis, you can become lost in the sea of data and make the typical mistake of omitting important elements from your case study.
Students who have been caught submitting plagiarised content have been harshly punished in the past. Some of them were even expelled from the institutions, preventing the pupils from enrolling in future studies. As a result, using services that guarantee plagiarism free assignments help is always a good idea. MyAssignmenthelp.com is a gleaming name among the few genuine plagiarism free assignments help suppliers.

toto 365 pro said...

스포츠토토티비
스포츠중계
해외스포츠중계
We absolutely love your blog and find almost all of your post’s to be just what I’m looking for.
Does one offer guest writers to write content for you personally?
I wouldn’t mind publishing a post or elaborating on a number of the subjects you write with regards to here.

Again, awesome web log!

toto 365 pro said...

스포츠토토
스포츠토토 하는법
토토

Hello friends, pleasant paragraph and nice arguments commented at this place, I am actually enjoying by these.

avaisla said...

Are you looking to pay assignment experts to do assignments in UK? Get remarkable quality online assignment writing help from 6150+ PhD writers and achieve academic goals and excellency. Broad subject knowledge of our experts can assist you with global assignment help in every subjects.

Sophia Grace said...

Fermenters or stirred-tank bioreactors are small, economical, and sterilized process vessels used for cultivating heterotrophic microalgae. They utilize sensors, probes, and controlled clean-in-place systems to monitor conditions and maintain optimal levels of microbial growth.Fermenters Market find extensive applications in the manufacturing of numerous products, such as cellulose, ethanol, vinegar, lipase, citric acid, amylase, streptomycin, lactic acid, etc. They are also widely used in biological wastewater treatment, pulp and paper production, industrial solvents, etc. As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.



Check here for more reports like this : Asia Pacific Vaccine Market, Micro Inverter Market, Albumin Market, Middle East and Africa Cybersecurity Market,Fibreglass Pipes Market, Vegetable Concentrates Market, Learning Management System Market, States Flooring Market, Sports and Energy Drinks Market, Brazil Healthcare, Sterilisation Services Market, Media Monitoring Tools Market


Start My Online Class said...

The Daily Express is one of the most influential British newspapers. It has a lot of readers and covers a lot of topics. One such topic is its financial analysis section, which deals with the newspaper's revenue and profit figures. Most students are drawn to these types of articles and information, but they are unable to prepare for their exams, If you have been struggling with your exams and want assistance, students can hire test takers for online classes and get higher grades on their examinations by providing them with the best available resources, including quality academic services.

Jennifer Walsh said...

I appreciate your insightful analysis of the Daily Express budget report. While "scheels cyber Monday" may seem unrelated to this topic, it reminds us of the importance of understanding financial trends and making informed decisions. Just as shoppers seek the best deals, your blog offers valuable insights to help readers navigate the complexities of budgeting. Well done!

Derek Advert said...

List of Players Who Have Scored the Most runs in the ODI first Overs. Many players are known for their exceptional performance in cricket matches.

iso specialist said...

The Daily Express headline misrepresents Rishi Sunak’s tax hike, which contradicts claims of future tax cuts. ISO certification refers to the process by which an organization is evaluated and recognized for meeting international standards
Also if you are in Iraq, get quality management system with ISO 9001 certification in Iraq at affordable cost.
ISO 9001 certification in baghdad
ISO 9001 certification in basra