Marr: 'since interest rates are bound to rise, shouldnt we reduce public debt now?'
Dodds: reduce waste (?), but dont raise corporation tax
Nothing on public investment, on green transition, just bad politics.
Dodds: reduce waste (?), but dont raise corporation tax
Nothing on public investment, on green transition, just bad politics.
unfortunately for us the British public, Sunak is running rings around Labour on macroeconomic policy.
Labour needs to make case for fiscal stimulus, to educate public on fiscal fundamentalism of 'interest rates will rise, cut public debt now'
it's doing none of this.
Labour needs to make case for fiscal stimulus, to educate public on fiscal fundamentalism of 'interest rates will rise, cut public debt now'
it's doing none of this.
Come @AndrewMarr9 - if you ask Sunak what happens with 1% increase in interest rates, you can also ask whether @bankofengland can do something about it.
The answer would surprise you.
The answer would surprise you.
for example, look what @bankofengland has actually done for the Budget in 2020, with its QE program
https://twitter.com/DanielaGabor/status/1355828911821742083?s=20
hard to believe, but Sunak sounds more Keynesian than Dodds in response to Marr's fiscal fundamentalism
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