I have to say that these were my thoughts too. He’s stolen the Labour budget.I agree, but as I listened it was clear that this was a justification for Jeremy Corbyn and John McDonald since it was the Labour budget they intended. Very large expenditure on boosting the economy, on investment to do that, on public services and the NHS and on support for all the disavantaged, whether business or individual.
Corbyn was gambling that the economy would grow enough to limit the borrowing necessary and Rishi Sunak is gambling the same.
It could be a great success if we are lucky and it does, but if we are not it will be a disaster that will cost us dear for decades.
N.B. This post is certified clear of the coronavirus and can be safely read.
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I’m not happy about it. All the borrowing and spending set against the backdrop of the damage we know Brexit will cause doesn’t inspire me. We can get ready for austerity on steroids when this house of cards comes crashing down, which it will.
The Tories will be finished by then, so they won’t care. We will probably have a Labour government who will beg their way back into the EU and adopt the Euro at 25 Cents to the Pound, because that’s all it will be worth by the time they have done.
But still, all we need to do is buy up Euros with that spare £10 million we have kicking around in a biscuit tin and we’re laughing.
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