Daily Mail: Reports " Kwarteng's monster £45billion assault on taxes is the biggest cut since the 'Barber Boom' Budget in 1972... but that ended in disaster with inflation soaring, the economy tanking and Ted Heath losing to Labour two years later "
Lets Get Real:
The one major difference between 1972 and 2022, is the fact that Liz Truss is from the Thatcher school for tough leadership, also the Barber boom lasted eighteen months, enough time for a General Election and Unions are not as powerful as they were once, Heath took on the miners, there are no more mines for miners, only those in private hands, also since everyone is going green, there are other areas to get power to the grid, no more 3 day week as there was in the 1970s. The Conservative Governments have made it harder to go on strike, and the new mini budget has reforms in this area, strikes will only be allowed if any deal offered has been placed before the members of Unions, before a strike is legal. This mini budget will make it harder for the Labour Party, the Party can hardly go in to an election with tax hikes, as everyone knows that after the rich get clobbered is the middle class that has to pay the debts of the Labour Party. Thus this was a good mini Budget, the Conservatives are back!
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