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simon wren-lewis @sjwrenlewis
, 5 tweets, 1 min read Read on Twitter
The 2010 Coalition government, with strong help from the right wing press, promoted the idea that the most important thing a government should do to help the economy is reduce the deficit, even before the economy had recovered from the GFC. 1/n
Acting on that belief, voters elected a Conservative government in 2015. Does that make austerity the right thing to do? Of course it not. It made people poorer. 2/n
The 2010 Coalition government promoted, with strong help from the right wing press, the idea that we had to control immigration numbers to raise real wages and ease the pressure on public services. Voters, realising that EU migration could not be controlled, voted for Brexit. 3/n
Does that make Brexit the right thing to do? We know it too will make people poorer.
People made a mistake with austerity because they were given the wrong information. People are also making a mistake in thinking they will be better off with Brexit, for the same reason. 4/n
Now what would people think if David Cameron in 2015 had said that austerity, being the will of the people, cannot be changed by parliament or by the electorate? /end
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