Civil Unrest ‘Underpriced’ in Labour’s Britain – Guido Fawkes

Burghart: Civil Unrest ‘Underpriced’ in Labour’s Britain

Shadow Chancellor of the Duchy of Lancaster Alex Burghart took to the stage at Tory centrist HQ Onward this morning, declaring that the “dominant story” of this Parliament will be the economy. With 30-year gilt yields hitting their highest since 1998, he’s probably right…

Naturally, Guido asked whether the Tories rule out ever imposing a wealth tax – and, if Labour goes ahead with one, would they commit to reversing it? Burghart’s answer:

“I can’t see a Conservative government ever supporting a wealth tax. You’re asking me to commit to reverse a policy that hasn’t yet been introduced. But I can tell you what we think in principle, which is that we don’t like wealth taxes.”

Not quite a hard no…

Burghart went on to warn that the risk of civil unrest in the UK is “underpriced”, adding that Labour views flashpoints like the Ballymena and Southport riots as “aberrations, freak events. I’m not sure that that is true anymore. I hope that that is the case.” Punchy…