Chancellor's critics want taxpayers to subsidise themselves
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The fantasy economics of war |
The fiscal magicians of right and left are urging Rachel Reeves to protect people from world oil prices – with their own money. The TaxPayers' Alliance and the FairFuelUK campaign want the chancellor to cut taxes on petrol and diesel to moderate the rise in pump prices. Clive Lewis, of the Socialist Campaign Group of Labour MPs, has joined in, echoing Kemi Badenoch's call to cancel the fuel duty increase planned for September. Badenoch and Reeves have been trading blows in The Independent (see below), but none of the chancellor's critics has explained who should pay for this generous tax relief, from which the rich would benefit more than the poor. The Independent's editorial on Saturday urged the chancellor to stand firm in targeting help on those who need it most. |
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| Chief Political Commentator |
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| | Chief Political Commentator |
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'A Whiter Shade of Pale' by Procul Harum was no 1 in the UK chart when the first colour TV broadcast was made, in which year? |
Answer at the bottom of today's email |
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| Donald Trump hinted over the weekend that he was preparing troops for operations in Iran |
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| Yvette Raphael writes that aid is being slashed in the in the middle of a medical breakthrough |
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| The Tory leader responds in an exclusive article for The Independent to the chancellor's oped of yesterday |
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"The business world is fast-moving, ever-changing and highly complex. Fortunately, by subscribing to Independent Premium, you will receive my columns in which, drawing on my long experience as a City editor and business writer, and my knowledge of many of the characters, companies and institutions involved, I make sense of it all for you. I focus on the important stuff, what is really going on, what it actually means. Do sign up and have a read - and please, let me have your feedback and ideas" |
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What else you need to know today |
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- EU proposes "emergency brake" to control numbers on youth exchange scheme with Britain
- Nazir Afzal: the police aren't just failing to solve crime – they've stopped trying
- Justin Welby writes that even he, as archbishop of Canterbury, got the Lord's Prayer wrong
- I wrote at the weekend that the Iran war had gained Keir Starmer some time, but that the leadership question will not go away
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This week, as Blackrock big boss Larry Fink warned we could be heading for a global recession if the US Iran war continues, we discuss whether people should be prepping for what's to come. From whether you should have a jerry can of fuel in your garage, to why you should be jotting down your favourite radio stations. |
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This week, as Blackrock big boss Larry Fink warned we could be heading for a global recession if the US Iran war continues, we discuss whether people should be prepping for what's to come. From whether you should have a jerry can of fuel in your garage, to why you should be jotting down your favourite radio stations. |
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What should the government do about another doctors' strike? |
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The Labour Party came to office promising to end constant strikes, but the BMA has other ideas, Sean O'Grady writes... Read more |
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Latest news headlines from Bulletin: |
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This is not our war and we're not going to get drawn into it | |
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Quiz answer: July 1967 (the first colour broadcast was Wimbledon tennis on BBC2) |
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