© 2020 – 2024 AEA3 WEB | AEAƎ United Kingdom News
AEA3 WEB | AEAƎ United Kingdom News
Image default
News

Kwarteng throws UK on sacrificial altar of Trussonomics where only bankers win | John Crace

Chancellor maxes out with morally bankrupt budget that is anything but mini

  • Live updates: Kwasi Kwarteng announces mini-budget

Kwasi Kwarteng. What a guy! On Monday he put the fun into funeral with a few gags at Westminster Abbey. On Friday he puts the fizz into fiscal with an event – we would call it a budget were it not for the chancellor having gone out of his way to make sure the Office for Budget Responsibility couldn’t supply any figures to fact-check his economics – that was so high and wild we may never see another. To infinity and beyond! A mini-budget that was anything but mini.

Casino faith-based economics on which he’d bet the bank. The biggest tax giveaway – primarily to the rich – in 50 years while increasing government borrowing to record levels. Time was when Labour used to get it in the neck for uncosted public borrowing. That’s now so last month.

Continue reading…

Related posts

UK plunges towards supply chain crisis due to staff and transport disruption

AEA3

Boris Johnson rejects calls to try to extend Brexit talks into 2021

AEA3

Scrap plans to scan accounts of benefit claimants or risk new scandal, MPs told

AEA3