The wrong economic policy

Posted on

It is reported this morning that Jeremy Hunt is planning a £60 billion package of tax increases and spending cuts to be announced on 17 November.

This, of course, may not be true and might be a deliberate Treasury misinformation exercise. But I doubt it.

I could write at length on the folly of this, and the dire outcomes that will result. Or i could share this tweet I posted not long ago:

We are being driven to not just recession but to depression, and all for no reason.

But you can be sure Labour will do nothing to stop it: Starmer and Reeves talk nonsense about how they will save the country by abolishing the domicile rule whilst this is going on in a vain attempt to disguise their own incomprehension on how public spending is really funded and their own dedication to austerity.

I despair.

Thanks for reading this post.
You can share this post on social media of your choice by clicking these icons:

You can subscribe to this blog's daily email here.

And if you would like to support this blog you can, here: