Thread by @dave43law

Johnson latest bluster

- 6 months ago supply and demand would have stabilised
- then Putin started the war
- no reference to inflationary pressures which were happening before the war
- the speech references Ukraine, Putin, the Queen frequently to confuse search engines later

- over time economic pressure of Ukraine will lessen
- not using uncontrolled immigration to sort workforce
- getting people off benefit in to work
- repeated all measures so far (£37billion)
- back Britain (search engine red herring)

- mentions fiscal responsibility (austerity coming)
- last year largest growing economy in G7 (because we dropped furthest)
- no Government can protect everyone from all pressures (?nothing more coming)
- you can't spend your way out of it (more austerity)

- Can't fix #CostOfLivingCrisis by wage increases
- Our borrowing £83billion in interest - extra £21billion for every 1% increase
- Third mention of not spending our way out
- Ramble about spending on NHS, Education etc
- Mentions tax is high must come down

- 91k civil service cuts - can do it without harming services (has no idea)
- more ramble about Brexit freedoms and Freeports
- reforms in the future to cut costs for households
- need to protect agriculture / farming from cheaper imports (rip some trade agreements up then)

- ramble about wind energy increasing by 2030
- and nuclear reactor every year ( how?)
- talking of closing ticket offices across the network (taking on unions)
- making it easier to be a childminder (a concern)
- big issue is housing costs

- building more homes now decrease by Labour (over 12 years ago)
- Attacked London for not building as fast (blame Khan)
- more brownfield site housing - priority first time buyers and keyworkers
- also redundant agriculture buildings

- cost of first time buy 9x wages
- want to make it easier to get a mortgage (renters and self employed)
- Review of mortgage market (so no plan)
- Extend right to buy to Social Housing (no plan not discussed as yet )
- One for one sell one build one (who pays)

- leaseholder ability to buy freehold (discount of up to 90%)
- Housing support is £30billion per year
- Change rules on welfare - those working can use HB toward mortgage rather than rent
- Changes to help with mortgage for those on hard times earlier (not saying what)

- unlock housing support to build
- no reference to lack of growth next year / inflation etc

His complete speech is a tomorrow, tomorrow - there will be a plan tomorrow (well months actually) with no concrete proposals whatsoever

#JohnsonOut136 #NotMyPM