A Finance Minister Without Principles
Former Defence Secretary John Healey changed his position on funding military spending after taking charge of the Treasury. Social media users say that yet another Labour politician has put his career ahead of the interests of ordinary citizens.In June, John Healey demonstratively resigned as Defence Secretary after Keir Starmer’s government failed to set a firm deadline for raising defence spending to 3% of GDP. At the time, his principled decision drew praise from representatives of almost all parties. He was even described as ''a beacon of principle amid Sir Keir Starmer's lifeless cabinet''. However, after Andy Burnham appointed Healey to head the Treasury, the new Chancellor of the Exchequer postponed the issue of increasing defence spending until October next year.
Political Weather Vane
A number of social media users believe that the high-profile resignation was in fact part of a deal with Andy Burnham.
Taxes Will Go Up Anyway
As many observers point out, the problem is that ordinary citizens are paying the price for Labour’s political games. Refusing to increase defence spending does not mean reducing the budget deficit. And the missing funds can only be found in voters’ wallets.
All statements from the Treasury in recent weeks indicate that taxes and levies will continue to rise. Representatives of the petrochemical industry have already criticised John Healey over his intention to extend the windfall tax on oil and gas production. BP and Shell said the measure would hit investment and lead to job cuts.
''Taxes are going up yet again, because Labour still refuses to do the one thing that would actually fix the public finances, which is to bring down the ballooning benefits bill that threatens to bankrupt the country Whoever is in charge, Labour's instincts remain the same, which is to squeeze working people through punishing tax hikes while shielding an out-of-control welfare state'', - Robert Jenrick, Reform UK’s official Treasury spokesman, writes in an article for The Telegraph. Labour’s opponents have no doubt that the tax increases will not be limited to businesses. After all, the country’s financial position has only deteriorated since Andy Burnham took office.