Sheer wastage

TPA:

As our chief executive, John O’Connell, explained to eager newspaper hacks: 

“Cutting income tax down the line will be easily offset by the upcoming national insurance hike and freezing income tax thresholds, leaving taxpayers out of pocket overall."

And the reason the government needs to collect so much tax revenue in the first place is that public spending is still too high. Figures released from the Office for National Statistics (ONS), the day before the spring statement, show exactly why the chancellor needs to pursue sensible savings.

Borrowing of nearly £140 billion in a single year and national debt soaring past £2.3 trillion (the real national debt is far worse) is simply unsustainable. 

It should come as little surprise therefore that last month’s debt interest payments were the highest for February on record at £8.2 billion. That's over £8 billion which could have been used to fund public services or cut the tax burden.

What is being missed here is that it's a a combination of trad-left-think which always prints more money ... plus the globalcabal great reset which is partly led by Britain, so they're hardly likely to alter it.

And of course, giving it to the undeserving invaders, plus vanity projects, can lead to nothing else but wastage.  No concept of incentives for small and medium businesses, plus the self-employed.