Truss says it's fair to give more to those who have more!

 

Liz Truss

Slave driver, Liz Truss, who is likely to be anointed the UK's next Prime Minister on Tuesday, says it's fair to give those with money, even more money, through her tax cuts which will cost £30bn and which are likely to increase borrowing and inflation. She says her priority is economic growth rather than redistribution and welfare handouts, to those on low incomes and benefits.

But the Tories, are not averse to redistribution when it comes to giving handouts to their rich backers. Last year, BP paid no tax on its North Sea oil operations. In 2019, it paid an effective tax rate of -54% thanks to rebates from the treasury. In 2020, the effective tax rate was -19% despite making billions of pounds in profits. Since 2016, the 19 North Sea oil companies have received net rebates of £2.4bn.

Amid soaring household energy bills, BP's profits have tripled to $8.5 billion dollars.

I suspect that Truss won't be in a hurry to call a General Election, but already, some Tories are plotting to get rid of her, because they believe she's hopelessly out of her depth, is far too right-wing, and will lose the Tories the next General Election. The opinion polls also suggest that she's not exactly popular with the voters. One Conservative MP has said that Truss has inherited a "cluster fuck of nightmares" from Boris Johnson.