Rishi Sunak hasn’t only failed to beat inflation – his other pledges are broken as well
Rishi Sunak and his priorities: he hasn’t achieved a single one.
Yesterday (Wednesday, June 21, 2023) was not a good day to be Rishi Sunak.
Neither was Monday – but that’s another story.
We knew he failed on inflation because it’s the big headline.
But what about his other targets?
The UK’s debt pile, meanwhile, reached more than 100 per cent of economic output for the first time since 1961 as government borrowing more than doubled in May, according to official figures.
So it did:
The wrong kind of economic record to ser. From @ONS just now: “Public sector net debt (PSND ex) at the end of May 2023 was £2,567.2 billion and provisionally estimated at 100.1% of GDP. The last time the debt-to-GDP ratio was above 100% was March 1961”
— Robert Peston (@Peston) June 21, 2023
It shows up the lie in George Osborne’s evidence to the Covid Inquiry this week, too: Osborne claimed he had needed to repair the “seriously impaired public finances”.
He said: “If we had not had a clear plan to put the public finances on a sustainable path then Britain might have experienced a fiscal crisis, we would not have had the fiscal space to deal with the coronavirus pandemic when it hit,” he said.
But when he became Chancellor in May 2010, the UK’s national debt stood at £1.03 trillion. He promised to eliminate it altogether (which is kindergarten economics; the debt is merely a yardstick of private investment in the UK’s economy) – and today’s figures show the extent of his massive failure.
Okay, how about the small boat Channel crossings?
On Sunday, it was revealed that more than 1,100 people had arrived on small boats in the past three days.
The cumulative number of arrivals in 2023 now stands at a provisional total of 10,472, according to the latest data from the Home Office.
We already know NHS waiting lists are not falling (because health service funding is being siphoned off by private health firms as profit?) and intelligent commentators say the Bank of England’s expected response to the inflation figures will stifle economic growth by sucking all the spare money out of the system.
This is what happens when you let Conservatives get their hands on the workings of government: they clown around like the idiots they are until everything breaks down.
Source: Sunak’s five pledges lie in tatters ahead of next election
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