Burnham: The Raid on Your Personal Wealth
‘Middle England’ is worried…and so it should be. In his new role as our new PM, Burnham has, in his words ‘hit the ground running’ in his project to 'Manchesterise' Britain, and is looking for a new revenue-generating target. His soft-left socialist ideology points to a need for redistribution of the UK's wealth, and since most of the UK’s private money and assets are held by this disparate and normally 'compliant' group of electors, they are firmly in his sights….. One of the problems our new PM faces, however, is that he is severely constrained, as was his predecessor, by Labour’s 2024 manifesto. This was designed specifically to get Labour elected and needed to include firm promises on tax to convince the electorate that Labour had finally returned to 'electability'. Burnham knows that without going to the country for a separate mandate of his own, he is obliged to stick to its terms or face serious accusations of breach of promise. And he certai...