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Home Politics

With our heads turned, the chancellor just bunged a billion to the 1%

Britain is set for a prolonged period of low growth, high taxes and declining living standards, but let's all talk about small boats and Gary Lineker.

Jack Peat by Jack Peat
2023-03-16 12:25
in Politics
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Culture war trivialities returned to dominate newspaper headlines this week after furor over a Gary Lineker tweet reached fever pitch.

A number of right-wingers hit out at the Beeb over the affair that saw the Match of the Day presenter thrown off air and then cordially invited back on in the space of a few days after a mass walk-out that included commentators, pundits and even the players themselves.

Jacob Rees-Mogg called for the license fee to be scrapped because forgetful women ‘don’t remember to pay it’, while Jonathan Gullis even went as far as accusing Lineker of calling northerners “racist bigots” and “Nazis” which is, of course, completely false.

Lord Young of Norwood Green, meanwhile, suggested the Beeb could sack Lineker and replace him with “at least one or two women” which he says we could do “at half the price and they’d do twice as good a job.”

But away from the headline-grabbing, culture war claptrap the asylum seeker crisis remains unresolved and is likely to remain so until the next election.

And what’s more, closer to home, there are real economic issues facing families up and down the country, with a prolonged period of low economic growth on the cards coupled with high taxation and decling living standards.

Jeremy Hunt’s response has been to slash taxes for the richest 1 per cent in what has been described by Labour as a “gilded giveaway” to higher earners.

"The only permanent tax cut in the budget is for the richest 1%. How can that possibly be a priority for this government?" asks Labour leader Sir Keir Starmerhttps://t.co/u2saH27Bbv pic.twitter.com/ceXLjf7svZ

— BBC News (UK) (@BBCNews) March 15, 2023

Hunt said the abolition of the tax-free cap on the lifetime pensions allowance included in his Budget was needed to keep doctors in work as the NHS spends billions on agency staff.

But Labour said it will reverse the “pensions bung for the 1 per cent” if it wins power amid criticism from economists the “hugely wasteful” measure will cost £80,000 per worker.

RelatedPosts

Labour will reverse Hunt’s ‘pensions bung for the 1%’ if it wins power

‘650,000 could lose support under welfare reforms’

Sack Lineker and replace with a woman ‘at half the price’, says ex-BBC governor

Jeremy Hunt’s ‘Brexit pubs guarantee’ gets a frothy reaction on social media

What’s more, the Resolution Foundation has said a tax giveaway on such a scale could see some workers choosing to retire early or using their now uncapped pensions savings to avoid inheritance tax.

More you think about this policy the worse it is. Rich people now have no overall limit on how much can be put into their pension pots tax free which, because of another big policy mistake, can be passed onto their heirs with absolutely zero inheritance tax

— Torsten Bell (@TorstenBell) March 15, 2023

You might wonder why there hasn’t been more uproar about the proposals, and I’ll tell you why.

Regrettably, the public has become so preoccupied with issues such as small boats landing on UK shores and the Gary Lineker saga that there’s little interest in material issues that truly effect people’s day-to-day life.

It is the very reason the Tories have put forward legislation as preposterous as the Illegal Immigration Bill.

It won’t get through and they know it, but it will keep people’s heads turned.

Related: The Illusion Of Action

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