Rishi Sunak wants to inflict more austerity on us – but it can’t work. Why bother?
New new prime minister Rishi Sunak wants – finally – to impose on us the new round of austerity he was planning to inflict when he became Chancellor in 2020 (but couldn’t because of Covid-19).
There is no economic justification for it because austerity does not achieve anything other than shrinking the state and choking off the supply of money into the economy.
And this is a problem for Sunak, because the people of the United Kingdom have already suffered 12 years of having their money supply choked off.
Sunak’s plan is to further impoverish a nation that is already in poverty – and it is not acceptable.
Here’s Phil Moorhouse to put some flesh on the bones:
If he were to ask his advisers for alternatives that will actually stimulate the economy, they would happily provide some.
What a shame. It seems clear that this is another Tory prime minister for whom our economic well-being means less than a political ideology.
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