How Conservatives Crushed the Economy
Friday, 08 March 2024
And How Reform UK will Save It ! The Conservatives crushed the economy with the following terrible policies:
- Overspending The Glolden Rule of sound economics is “Spend Less than you earn, and invest the difference.” The Conservatives do the exact opposite: “Spend MORE than you earn and BORROW the difference.”
Whenever government consistently spends more than it earns, it inevitably goes bankrupt.
The government has been consistently spending more than it “earned” and it wastes the money on funding foreign wars and on housing thousands of illegal immigrants in hotels and rented accommodation.
Meanwhile, the economy burns.
Over Borrowing As already noted, the government borrows massively. The government debt is now 98% of GDP, which incurs horrendous interest payments on government debts, which is money that cannot be spent on public services. It is expensive to be in debt! And the British government is in debt up to its eyeballs.
Overtaxing In order to pay for its overspending and overborrowing, the government overtaxes the people.
Politicians like to take your money and spend it for you because they believe that your money is theirs.
We arevtaxed at the highest rates since World War II. When the government takes money out of people's pockets, they have less money to spend, and it robs them of their freedom to choose how to spend their own money. With less in people's pockets, the economy suffers,
And people are impoverished.
- Quantitative Easing In order to fund the excessive spending, the government “prints money” in the form of quantitative easing. Quantitative easing is the creation of money “ex nihilo,” which means “out of nothing.” But nothing can come from nothing, and so the value of the extra money being printed is stolen from the value of your savings.
For every additional pound printed, the value of the existing cash in the economy is reduced, so it loses its buying power, which we perceive as inflation.
So, government policy creates inflation, which impoverishes us all.
- Net Zero And the biggest blunder that this incompetent government has made is to sign us up for net zero, which increases the cost of energy production.
And since everything in the economy requires energy to produce or move, when energy becomes expensive, everything becomes expensive. Net Zero increases the cost of production, increases the cost of transportation, which destroys the chances of growth in the economy.
So consequently, we see no growth, and we are now in a recession. A recession which has been created wholly by government policy.
How to Save Britain. In order to solve a problem, we must identify its causes and remove them. So, in order to grow the economy, we reverse government policy and put in their opposites.
Reform UK will correct the errors and replace them with good economic habits.
Control government spending The government must live within its economic means.
Stop overborrowing Borrowing increases costs which will be paid for by our children. We must reduce borrowing.
Reduce taxation rates which would incentivise work and rejuvenate the economy, causing it to grow And a growing economy is what will fund our recovery.
We cannot spend our way out of trouble We must GROW our way out of trouble
Way to do that is to incentivise work by reducing taxation rates!
- Stop quantitative easing Quantitative easing is a catastrophe because it devalues the buying power of every pound and destroys peoples savings.
5 Stop NetZero Net zero and the Green levy is costing us billions upon billions of pounds for no added benefit. Net zero is the single most catastrophic ideological policy implemented by this insane government.
We must create cheap energy by harnessing the rich resources buried under our feet in the form of coal, oil, gas, and nuclear power.
When we stop net zero and We replace it with abundant, clean, cheap energy, economic problems will evaporate and be replaced by economic power.
The economy is not growing, because it is burdened with terrible government policies When we remove the burdens, then the economy will grow naturally - as it should.
The economy is like nature - it grows naturally, - unless it is poisoned by politicians.
Let’s get rid of the poison and let the economy grow.
Vote Reform Uk
Chris Farmer #ReformUK