In Britain, the Labour Party (liberals) took power in the last election. What are they doing? Raising taxes. It’s what they do. It’s an ideology that knows no borders. If America elects the Leftists, they will raise taxes on us too. It’s what they do.

Reeves set out plans to raise £40bn. She had promised not to put these rises on “working people”, without precisely defining who she meant. Instead, she explained that most of the money will be raised from businesses, and the better off.

 

In Britain, people who work, and the businesses who employ them, pay a national insurance tax. This is compulsory and it is used to pay for things such as benefits, hospitals and pensions. Reeves raised the amount businesses will have to pay, saying the increase would bring in a substantial £25bn.

 

“I know that this is a difficult choice,” she said. “I do not take this decision lightly. We are asking businesses to contribute more, and I know that there will be impacts of this measure felt beyond businesses … but in the circumstances that I have inherited, it is the right choice to make.”

 

Other taxes were raised too, including capital gains tax (paid when you sell an asset for more than you bought it) and inheritance tax. Private schools will have to pay more tax, as well as people who use private jets. It was the rise in national insurance, though, that was the big ticket of the budget.