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Tax Cuts Not the Remedy: Tory Candidates Have No Realistic Plan to Tackle UK Crisis, Observers Admit_我的网站

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二 |     "I think the end of the Johnson administration is a positive thing, despite the infighting," says Rodney Atkinson, an academic and political and economic commentator. "The candidates may be promising irresponsible tax cuts and not understanding how the economy works but the public debate is more mature and in the end the right policies could emerge.",One of the candidates, Sajid Javid, former health secretary, vowed to axe the former chancellor’s plans to raise the corporation tax from 19% to 25% in April 2023, and decrease the rate to 15%. His competitor Jeremy Hunt pledged the lowest rate of business taxes in the Western world, while Liz Truss, yet another contender, is also willing to adhere to "low-tax principles." In contrast, former Chancellor Rishi Sunak, who is seeking the prime ministership along with his party fellows, has placed emphasis on "fiscal prudence" rather than tax cuts, while criticizing other candidates for offering "comforting fairytales.","There are two economic issues here," explains Gayle Allard, a professor of economics at IE University in Spain. "One is the debt, which is clearly a problem for the UK and which would be aggravated by tax cuts. The other is the dilemma between trying to restart growth (which requires a tax cut) and to control very high inflation (which requires a tax increase). And then there is a political objective: voters like tax cuts. Which will win out? I would hope for a short-term tax increase, with the government keeping its promise to reduce it later. I think that makes the most sense.",According to Atkinson, those who are promoting tax cuts without at least equal cuts in state spending are "totally irresponsible.",While the bulk of the candidates are promising anything between 20 and 40 billion in tax cuts, what everyone's really pledging is "to reverse the increase, which was implemented as of April 1," according to Marc Ostwald, chief economist at ADM Investor Services International.,"Let's take, for instance, the corporation tax cut which is being proposed," Ostwald says. "It's not actually a tax cut, because really all it is, is basically saying 'we're not going to implement the increase from 19% to 25% in corporation tax that is planned for next year.' Only Jeremy Hunt, I think, amongst them all is basically pledging to actually cut it down to 15%.",UK's Tory Government Faces Social Collapse, Having No-One But Itself to Blame21 June, 05:48 GMT,However, there are plenty of problems that cannot be fixed by the much-discussed tax cuts, Ostwald underscores: "The UK's infrastructure is atrocious; the level of poverty in the country is bad; the cost of living crisis [is] somewhat worse in the UK than across much of the rest of the developed world.",British unions kicked off a series of industrial actions starting from June 2022, demanding pay raises in line with skyrocketing inflation and protesting over the cost of living crisis. Tens of thousands of railway workers walked off the job in Britain on June 21. Criminal law barristers took to the streets on June 27. Teachers' unions and the civil service have been balloted on possible industrial action, while doctors and nurses are threatening to follow suit. Meanwhile, British rail and transport workers have voted in favor of a new strike in July.,There are also a whole array of problems related to Brexit, including red tape and other "non-tariff barriers" which translated into additional costs for businesses and are eating away at their margins, according to the economist. He laments the fact that neither the Tory nor Labour Party has so far proposed any solutions to these problems.,'We Want to Save Lives': How Tory Cabinets Pushed NHS to the Wall, Disregarded Nation's Health28 June, 17:52 GMT,UK's Political Instability Making Crisis Worse,The unfolding socio-economic instability has been exacerbated by Johnson's resignation and the internal infighting among British Tories is to some extent "damaging the economy by creating unnecessary uncertainty," according to Kevin Dowd, professor of finance and economics at Durham University.,"[A] lot will depend on who wins the leadership," Dowd says. "There are one, maybe two, decent candidates in there but for the most part they are a sorry lot, and I am not optimistic that a good prime minister will emerge… Most if not all of these people do not have a strong grasp of what the country needs, so I expect a lot more policy drift and a bad outcome for the Tories in the next general election.",A big number of contenders for BoJo's position "shows actually that Johnson has left a bit of a vacuum, because he was to some extent actually quite popular, despite all his lies, despite all his gaffes, despite his incompetent policies, despite all the back to and froing," according to Ostwald.,However, none of the 11 contenders "stands out as a genuine leader, as a prime minister, as a leader of a country," the economist emphasizes.,Boris Johnson Pledges Not to Back Any Tory Bidder as 'Dirty' Leadership Race Gains SteamYesterday, 14:30 GMT,'It's Johnson's Fault',It is Johnson who bears "90 percent" of responsibility for the current crisis, the economic observers argue.,"[Johnson] had let state finances get out of control before the COVID Lockdown spending," Atkinson says. "He has been the most irresponsible prime minister since Edward Heath who between 1970 and 1974 led a spending and monetary expansion boom. It resulted in the International Monetary Fund (IMF) controlling the UK economy in 1975. Johnson’s first instinct was more Government and more spending and more borrowing. We will be paying for his failure for decades.",Johnson "must bear a lot of the blame," Kevin Dowd agrees. While having a huge parliamentary majority and the opportunity to make radical reforms free of the shackles of the EU, Johnson "blew it," according to the professor.,"What are the chances of the UK going into recession? I think it's pretty much baked in the cake," echoes Ostwald. "There isn't a lot of momentum there. The trade position is getting worse. The cost of living crisis is quite clearly there and the investment into the UK is getting weaker and I would add that this whole methodology of applying sanctions by seizing assets is particularly bad for the UK. The UK has been attracting foreign capital from Russia, from the Middle East, from Asia, from pretty much anywhere that one can think of for a very, very long time.",However, it's not only the outgoing prime minister who is responsible for the current crisis in the UK, the economist admits: "These have been accumulating for years. People have been going to the food banks in the UK since the numbers started rising in the early 2010s after the global financial crisis and the numbers got a lot worse than in the meantime, particularly due to the cost of living crisis," Ostwald concluded.。本次活动由区委、区政府主办，区委宣传部、区总工会、区直机关工委、区文旅广电局承办，黄土坎乡政府协办。副区长刘鹏出席活动并宣布开赛。         　　本次活动设置了短程马拉松和欢乐跑2个项目。短程马拉松比赛分为男子组和女子组，设一等奖1名、二等奖2名、三等奖3名，路线为黄土坎乡笔架山村新时代广场至乌金塘水库派出所三岔路口折返回黄土坎乡笔架山村新时代广场，全程约13公里；欢乐跑不设置奖项，路线为黄土坎至乌金塘水库派出所，全程约7公里。山水相伴、绿树环绕，170余名跑步爱好者用奔跑的脚步感知乡村田园的独特魅力。肆意赛场，道不尽跑者风情。比赛途中，选手们你追我赶、坚持不懈地奔跑，展现了出色的体能和毅力，彰显了挑战自我、超越极限、坚韧不拔、永不放弃的马拉松精神。经过激烈角逐，夏文杰荣获男子组一等奖，丁一荣获女子组一等奖。为确保活动期间安全，活动现场设有2.5公里、5公里、终点3个补给点，确保补给充足。南票公安分局、南票交警大队、区融媒体中心、区卫健局、区红十字会、区财政局、区应急局、蓝天救援队等部门全程为活动提供精准服务。         　　近年来，南票区坚持开展全民健身系列活动，丰富职工群众文体生活，加速推进全区全民健身与全民健康深度融合，不断提升全民健身运动水平，以全民健身运动的活力，激发南票内生发展动力，营造了积极向上、朝气蓬勃的“活力南票”新形象。

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