Dramatic fall in inflation is a Christmas gift for Rishi Sunak and Jeremy Hunt but early tax cuts are a must
Now cut taxes
THE dramatic fall in inflation is a Christmas gift for Rishi Sunak and Jeremy Hunt — though, in fairness, they have made their own luck.
Yes, the sharp drop to 3.9 per cent from 4.7 per cent is down to lower prices for fuel, food and household goods.
But it is also thanks to the restraint the Chancellor has shown.
He and the PM now have some rare good news to put them on the front foot into 2024.
Early tax cuts are a must, economically and politically.
Families will hope to see interest rates start to fall next year, too.
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It is worrying, though, that the Bank was more surprised than anyone by an inflation figure coming in far lower than it forecast.
Only last week three of its main committee’s nine members voted to RAISE interest rates, inflicting mortgage hikes on a country battling to avoid recession.
Given, too, the Bank’s dismal failure to act in 2021 when inflation first soared, we have to ask:
Do its executives have a clue what they are doing?
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War on Trump
THE Donald Trump-inspired riot at the US Capitol building was an abomination.
So was his refusal to accept he lost in 2020.
But the unprecedented decision by Colorado judges to stop him running as a Presidential candidate there will backfire badly on the Democrats behind it.
Not just because the Supreme Court is near certain to overrule it.
But because the swing voters any wannabe President needs are now even more likely to think that their courts are being misused to stitch Trump up.
It shames the Democrats that in their panic over a Trump comeback they try to subvert the electoral process rather than defeat him with argument.
Such tactics seem common to the Left.
Here, Labour plans to give the vote to a generation of children indoctrinated into hard-left politics by TikTok (and backing Hamas’s atrocities as a result).
No principle is involved.
If kids were Tories, Labour would run a mile from it.
The pattern, then, is crystal clear.
Democracy is in peril in the US. We should fear for it here too.
Strike shame
HOW utterly rank for the militant BMA to claim its junior doctors are striking for the future of the NHS.
In fact they have walked out chasing a ridiculously excessive pay rise and, let’s face it, because they want most of the festive period off.
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The public has long admired doctors’ dedication.
With sick patients left to suffer over Christmas, union leaders are putting that reputation in grave danger.