menu_open Columnists
We use cookies to provide some features and experiences in QOSHE

More information  .  Close

Britain’s Milei revolution starts here

4 0
previous day

BUENOS AIRES, ARGENTINA – NOVEMBER 06: Javier Milei deputy candidate of La Libertad Avanza reacts as he gives a speech to supporters during an event to close the campaign at Parque Lezama on November 6, 2021 in Buenos Aires, Argentina. Deputy candidate Javier Milei of La Libertad Avanza party was the third most voted candidate in the primary elections in the city of Buenos Aires. (Photo by Ricardo Ceppi/Getty Images)

Fighting for a Free Future is a new movement to shift the UK’s political debate towards liberty, low taxes, and smaller government in order to avert what they describe as an imminent fiscal crisis caused by state overreach and unsustainable spending, writes Steve Baker

This week, I launch a new movement – Fighting for a Free Future – a bold cross-institutional movement for liberty, low taxes, free enterprise and smaller government.

This country stands on the brink of a fiscal crisis unlike anything we have seen in our lifetimes. The numbers are stark: a projected £41.2bn shortfall by 2029-30; a debt-to-GDP ratio nearing 96 per cent; and interest payments on government debt that doubled in a single year, now topping £16.4bn a month. Despite these warning signs, Westminster continues its ritual of denial, putting off hard decisions in favour of soothing rhetoric and fantasy budgeting. We are living in the Truman Show run by Whitehall. This isn’t some distant theoretical problem – it’s a looming catastrophe that will devastate millions of hardworking families within my lifetime.

Yet where is the urgency from our political class? The government pretends everything is fine when it categorically isn’t. Labour MPs refuse to countenance spending cuts and continue to demand higher spending that they simply cannot fund. The Chancellor raised taxes to record levels and will do so again within months. Can anyone really say that Britain’s problems stem from taxes being too low, the state being too small, government doing too little and there being too few rules and regulations?

The mathematics of collapse

The arithmetic is brutal and cannot be wished away. The Office for Budget Responsibility’s latest........

© City A.M.