Wednesday, 4 September 2019

Johnson and Javid betray coalition

 - not to mention the many thousands who suffered as the Conservatives tightened the "austerity" screw after Cameron achieved complete control of government. Lib Dems pin their attack on the new government's fantastic spending plans on the improbability of achieving them under Brexit (see but it seems to me that in highlighting that "we will be able to continue to see low [interest] rates for a number of years", and promising tax cuts, he is at best relaxed about increased borrowing and at worst prepared to widen the fiscal deficit. This is the same thinking that caught out Gordon Brown and Ed Balls when the 2007/8 credit crunch hit the UK economy and our poorly-regulated financial services industry.

The chancellor's statement, minus the political point-scoring, is at

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