The Tories find the Magic Money Tree
Posted: October 29th, 2018, 7:44 pm
I think they should tell us where it was.
This, we are to believe, is "prudent" management of the government finances:
2010: "The UK has borrowed too much. The UK is bankrupt. There is no magic money tree. We must implement austerity immediately."
2010-2018: Tory Chancellors borrow another £700bn, almost doubling the debt of the "bankrupt" UK govt. £50,000pa tax cut for millionaires, austerity for everyone else.
2018: Miracle! The magic money tree has been found! Party time for everyone. Government debt doesn't matter any more.
GS
This, we are to believe, is "prudent" management of the government finances:
2010: "The UK has borrowed too much. The UK is bankrupt. There is no magic money tree. We must implement austerity immediately."
2010-2018: Tory Chancellors borrow another £700bn, almost doubling the debt of the "bankrupt" UK govt. £50,000pa tax cut for millionaires, austerity for everyone else.
2018: Miracle! The magic money tree has been found! Party time for everyone. Government debt doesn't matter any more.
GS