{"id":53240,"date":"2020-10-05T13:59:42","date_gmt":"2020-10-05T12:59:42","guid":{"rendered":"https:\/\/www.taxresearch.org.uk\/Blog\/?p=53240"},"modified":"2020-10-05T14:01:51","modified_gmt":"2020-10-05T13:01:51","slug":"53240","status":"publish","type":"post","link":"https:\/\/www.taxresearch.org.uk\/Blog\/2020\/10\/05\/53240\/","title":{"rendered":"Rishi Sunak’s sacred duty is to understand macroeconomics, but right now he’s clueless on the issue"},"content":{"rendered":"

Rishi Sunak's speech to the virtual Conservative Party conference was dire<\/a>. To Describe it as vacuous and policy free would be too kind. Its economic incompetence can be best summarised in these three sentences:<\/p>\n

And we will protect the public finances. Over the medium term getting our borrowing and debt back under control.<\/p>\n

We have a sacred responsibility to future generations to leave the public finances strong, and through careful management of our economy, this Conservative government will always balance the books.<\/p>\n

If instead we argue there is no limit on what we can spend, that we can simply borrow our way out of any hole, what is the point in us?<\/p><\/blockquote>\n

I would suggest that Rishi Sunak's sacred duty is to understand macroeconomics. I would also suggest that right now he's clueless on the issue. We are all going to pay an enormous price for that.<\/p>\n

These were my comments on Twitter, best read from the bottom up:<\/p>\n

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Rishi Sunak’s speech to the virtual Conservative Party conference was dire. To Describe it as vacuous and policy free would be too kind. Its economic
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