Yes, that would be nice.The answer is mass strike action and civil unrest. There are way more of us than there are of them. We all need to recognise that. I do not respect the authority of this government. They are without legitimate mandate.
Well, none of us saw this coming...
[John Redwood] also hinted that the government’s response to concerns about unsustainable public finances would be a new programme of austerity and spending cuts to balance lower tax revenues. “We haven’t yet seen the whole policy. We need to see what the overall budgets look like, looking at the spending side as well as the revenue side,” Redwood said. Lord David Frost, the UK’s former Brexit negotiator, added: “The only way forward for Britain is lower taxes, spending restraint, and significant economic reform.”
https://www.ft.com/content/843e2f5d-1264-4acd-8f5c-c276c8d7b289
One Tory MP: "It is actually incredible that the UK central bank has had to step in to protect the UK from the actions of the UK's own government! I mean, just think of that for a moment! A humiliation https://twitter.com/SamCoatesSky/status/1575073764572008448
Within a few weeks they have killed the Queen, laughed at her funeral, trashed the pound and plunged the country into a financial crisis.
I reckon a Government collapse and general election could be on the cards soon.
^ less than a week after the BoE announced plans to SELL £8.9bn of bonds...
https://www.reuters.com/markets/europe/bank-england-sell-87-bln-stg-government-bonds-q4-2022-09-22/#:~:text=LONDON, Sept 22 (Reuters),bank to begin active sales.
Looking on the bright side(?), the collective value of the LP’s I have listed on Discogs has risen by 10%.
To be honest, they both look equally bad.
Austerity is thumping the poor (and it kills them).
We need an alternative.
You see the point, then: you don’t have to choose! It’s not an either or matter. They are both worse, partly because you always get both. Praising the perspicacity of a bonehead austerian just makes the next round of austerity all the more irresistible.
More QE effectively. At least they’re consistent, more debt is always the answer.
The answer, under conventional conservative economics is either: increase taxes (not keen, are they); austerity and cuits (after 12 years it's hard to see what fat remains to be cut before you're into bone & muscle); or more debt. If you've effectively run out 2 of your 3 options, what choice is left to you?More QE effectively. At least they’re consistent, more debt is always the answer. What was the question again?
It's not debt. They are printing money to pay for the debt created by the mini budget.
But I do think you can start talking about a full on sterling crisis. So well done to the right wing loons who finally got what they wanted.
The answer, under conventional conservative economics is either: increase taxes (not keen, are they); austerity and cuits (after 12 years it's hard to see what fat remains to be cut before you're into bone & muscle); or more debt. If you've effectively run out 2 of your 3 options, what choice is left to you?
It's not debt. They are printing money to pay for the debt created by the mini budget.
But I do think you can start talking about a full on sterling crisis. So well done to the right wing loons who finally got what they wanted.
Yet we have the highest tax burden in 70 years!