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"this Labour government was not elected to reduce a huge budget deficit. It was elected, in large part, to fix the NHS and other public services. A 'senior Labour source' said recently that Labour were elected 'first and foremost to sort the public finances'. This is nonsense. The election campaign was not about the public finances .... What the public were concerned about was the NHS."
mainly macro via @sjwrenlewis
https://mainlymacro.blogspot.com/2024/09/october-budget-3-in-presenting.html?m=1
#budget #deficit #NHS #UK_Labour
@sjwrenlewis
"Attempts by Labour’s Leader of the House to suggest that the financial markets would have reacted badly if Labour had not immediately filled part of the black hole they discovered were met with general and justified derision. Suggestions that cuts were required immediately to fill an unexpectedly high in year deficit are also economic nonsense."
@sjwrenlewis "Taxes are bound to rise in October’s budget, and the Conservative opposition will say I told you so. The way to respond to that is not to talk about black holes that Labour inherited, but talk about the woeful state of public services Labour inherited, how Labour are beginning the long process to restore those services, and that this process requires those with broader shoulders to contribute more to enable that to happen. That is what Labour governments are elected to do.."
It is depressing beyond words that Labour have chosen to adopt the austerity narrative.
@markhburton @sjwrenlewis Maybe going after pensioners is entirely on point as punishment for being the last remaining socio-economic group voting Tory. And preventing the ToryZero we should have had.
/s
@markhburton @sjwrenlewis I thought they were elected on the merit of "change" - whereas economically it seems to be more of the same!
@patrickhadfield @sjwrenlewis
Lampedusa applies:
"Everything must change so everything can stay the same".
Schrödinger's change or the wrong dialectic!