I just tweeted this, whilst having a coffee after broadcasting and getting my first post-autumn statement out for someone else.
There is no way on earth that we have now reached the state of equilibrium that this chart suggests. We are living in an economy and in a world subject to significant global shocks. Everything Hunt said today assumes that they have gone away and that from. Now in we will all live in stable peace and harmony.
That is not going to happen.
The sense that this budget was all about make-believe and nothing about reality is growing the more I look at the detail.
Thanks for reading this post.
You can share this post on social media of your choice by clicking these icons:
There are links to this blog's glossary in the above post that explain technical terms used in it. Follow them for more explanations.
You can subscribe to this blog's daily email here.
And if you would like to support this blog you can, here:
Buy me a coffee!
At heart I suspect is an inability visible across the political spectrum to come to terms with a reality where the majority are unable to meet the demands of a commercial environment. Having nothing by way of solutions to offer, politicians instead retreat to their default position of finding a vulnerable group they can demonise by way of distraction. Social collapse becomes increasingly inevitable as a consequence. Prepare!