The first cut is the lightest
UK finances are in a mess. Traditionally, the debate has been between the right, which favours a small-state but low-tax model like the US, and the left, which favours a Scandi-style high-tax but high level of services model. It feels like we are falling between 2 stools with high taxes and poor public services. Some numbers from the ONS (September 2025): All chancellors have their own special rules to pretend they have the finances under control. Reeves has clearly lost…