The chancellor has delivered swingeing tax cuts and an end to the cap on bankers’ bonuses. Will this just benefit the rich?
Imagine if Labour blew up the rules to balloon already soaring inflation, borrowing without knowing the cost, spending on evidence-free pet projects to benefit its own favoured core backers while falling into recession. Cue collapse in markets, a run on the pound, flight of capital, interest rates soaring, foreign raiders snatching UK companies, collapse in consumer confidence: actually, that’s happening.
Polly Toynbee is a Guardian columnist
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