We should NOT be happy that the chancellor is assuring the BoE that it is committed to 'fiscal responsibility'.
The only way to achieve that since the minute he announced his reckless tax bonanza for the rich, is *drastic* public spending cuts.
#torychaos
The only way to achieve that since the minute he announced his reckless tax bonanza for the rich, is *drastic* public spending cuts.
#torychaos
I'm not suggesting he shouldn't be fiscally responsible.
I'm pointing out the mess is terminal, with him and Truss in charge, with this policy. The alternatives to massive spending cuts are they both U-turn and bloody quickly, or he resigns/is sacked and she U-turns alone. 2/4
I'm pointing out the mess is terminal, with him and Truss in charge, with this policy. The alternatives to massive spending cuts are they both U-turn and bloody quickly, or he resigns/is sacked and she U-turns alone. 2/4
'Growth' to pay for all this is for the fairies. Always was, but so many rookie errors so bloody quickly makes it delusional.
It depended on them being benefit of the doubt rope for the whole 2yrs of the Tory term by markets and the suffering population. 3/4
It depended on them being benefit of the doubt rope for the whole 2yrs of the Tory term by markets and the suffering population. 3/4
But they had NO mandate from the public and implication none from the bank or markets. NOTHING had been tested or scrutinised and they're even denying the necessity of coming clean on their reasoning now.
It's an unconscionable mess.
It tells us what real democracy is for. 4/4
It's an unconscionable mess.
It tells us what real democracy is for. 4/4
there are missing words
'given the' in 3
'by' in 4
there may be more 😬 sorry
'given the' in 3
'by' in 4
there may be more 😬 sorry
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