Now Liz Truss has resigned after trashing the economy, it’s important that we keep holding onto the fact that this isn’t – and shouldn’t be – normal or acceptable. Politics can be exciting - a robust exchange of radical ideas – but it should be dull as anything in constitutional terms. Ours and others’ confidence in how our state and our country functions rests on that. It’s what the markets respond to – and it’s why they’ve gone so wild over the last three weeks.
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The Government’s dangerous mini-budget and their mishandling of the basics of sound economic policy is having a very real and immediate impact on hard-working people in our community.
Seventeen thousand households in Esher and Walton have a mortgage - that’s almost 40% of homes. That’s higher than the UK as a whole which is 33%.
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Esher and Walton is an affluent constituency. Many of our residents will have been the intended beneficiaries of the Government’s devastating, crisis-provoking “mini-Budget” last week. As the Resolution Foundation has reported, almost half (47 per cent) of the gains from the unfunded tax cuts will go to the richest 5 percent of households who disproportionately live in the South.
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On 14th January 2019, the day before voting against his own Government’s Withdrawal Agreement, Dominic Raab gave a speech at the Centre for Policy Studies about his vision for “a bright future for small businesses, workers and consumers” in a post-Brexit UK.
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This extract has been written exclusively for our campaign by a Hedge Fund Portfolio Manager resident in Esher and Walton constituency and who works in London.
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