What's going on - massive waste.
By johnredwood on November 26, 2025
The budget was meant to be a boost to growth. Instead it was another big transfer of money from a struggling and burdened private sector to pay for a bloated and inefficient state.
£30 bn for Mauritius and Chagos.
£20 bn a year for Bank of England losses.
A welcome for many thousands of illegal migrants with their big hotel bills. Endorsement for putting many more people onto benefits. Giving many more a sick note for life with no requirement to look for work. Recruiting more public sector administrators to lower productivity more.
Instead of tackling overspending, the Chancellor added to it by ending the two child cap and ploughing in with steel and rail nationalisation and with renewable investment. This all needs serious taxpayer cash.
The long list of extra taxes and the predicted hike in Income tax to penalise success, hard work and enterprise is more of the same. It will do more harm to a sluggish dconomy. Industry will continue to be demolished by net zero and high energy prices, and retail and hospitality hit by high taxes. Pity the young who will find it increasingly difficult to get a first job, and later to buy a first home.
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