Matthew Lynn

Team Rishi is losing the plot on taxes

(Photo: Getty)

It would be an ‘electoral suicide note’. It would condemn the party to ‘the impotent oblivion of opposition’. And it would push petrol prices up to eight quid a litre, and mean the electricity grid would have to be turned off at eight every evening to preserve power. Okay, okay, I made the last two up. But to be honest Dominic Raab might as well have thrown them into today’s attack on Liz Truss’s fairly modest plans for cancelling some of Rishi Sunak’s planned tax increases – along with a few more dire predictions as well. In truth, Team Rishi is increasingly losing the plot on taxes – and the hysterical tone of the attacks only serve to illustrate that.

Team Sunak is increasingly turning into Gordon Brown on roller skates in its commitment to higher taxes

For someone who was once discussed as possible chancellor, Domic Raab does not seem to have a very steady grasp of economics.

Written by
Matthew Lynn

Matthew Lynn is a financial columnist and author of ‘Bust: Greece, The Euro and The Sovereign Debt Crisis’ and ‘The Long Depression: The Slump of 2008 to 2031’

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