Hunt and Sunak: Planning Spending Cuts and Tax Hikes.

Chancellor Jeremy Hunt was retained by new Prime Minister Rishi Sunak. Jeremy Hunt is a stalwart of being in cabinet. He held the position of Health Secretary and has stood to be the leader going up against Truss and Sunak.

Many saw Hunt as a shoe-in to replace Boris, however, Hunt didn't get very far and dropped out. Hunt was appointed by Liz Truss after she sacked Kwasi Kwarteng after the disastrous min-budget. Now Hunt is continuing his job at 11 Downing Street under new the Sunak administration.

Hunt and Sunak are currently working out what should be in the Autumn statement. The Autumn Statement is due for release next month on the 17th.

Huge spending cuts and massive tax cuts are predicted to be in that statement. Sunak and Hunt are determined to get the economy right. That as far as they are concerned is the modus operandi going forward. It is understandable they want to get this right. However, huge spending cuts fall mostly and unfavourably on the poorest and most deprived among us.

The UK according to some is in danger of becoming a 3rd world nation. And those who warned about leaving the EU are no doubt gloating over this. Indeed, a spokesperson close to Hunt and Sunak said it is no fantasy. This person said this reality is a certainty and not an illusion.

The UK since leaving the European Union has been hit by COVID, with high prices in the cost of living, and other calamities. 12 years of Tory administration under 5 Prime Ministers (3 this year) has hit the UK hard. Now if it's back to austerity in a big way this will be a big blow for the UK.

Sunak and Hunt said: "People should not underestimate the level of cuts and tax hikes ahead". So let us look at tax hikes. Tax hikes for who exactly? Obviously, if you are earning under a certain threshold you will not pay tax. So does this mean that the Tories will hit their rich buddies hard with taxes?

Jeremy Hunt as Chancellor said he would have to make some "eye-watering" decisions. Eye-watering decisions to save money and get the economy controllable. Savings actually means cutbacks and yet again the poorest will suffer. Even those in work with some claiming benefits are struggling.

50 billion is what the savings and/or cutbacks (depending on your thoughts) will amount to. It seems the message from the government is "we have to go through rough times before seeing better days". However, this was also the financial philosophy of David Cameron and George Osborne. And we all know what this austerity cost the British people. Now, we are back to square one and where we were in 2010.

The Sunak administration says it will keep to the 2019 manifesto. So this would indicate that Truss and Kwarteng were just an aberration. A manifesto that saw the Conservatives under Boris Johnson get a landslide victory. Or was it the promise of making Brexit a reality? Or the character rightly or wrongly of Boris Johnson?

Whichever way you look at it Boris probably was a factor in the victory. Even Labour voters put off by Corbyn held their noses and voted Tory. For Hunt and Sunak to claim they are carrying on with the 2019 manifesto is theft. It was the Johnson factor that got the Tories their 80-eat majority in that election. At that time neither Sunak nor Hunt figured large in that reality. It seems the thinking is to carry on where Johnson left off. To hijack that manifesto as if it were they that created it. Talk about wolves in sheep's clothing. Those who voted Tory will hopefully switch back to Labour in 2024. Many Tories smarting over Sunak will lend Labour their vote no doubt.