Spring Budget: Tory – and Labour – economics are nonsense

Jeremy Hunt: he’s trying to gaslight us into thinking we need to save money. We don’t.

The Conservatives want to cut the civil service again, for no very good reason. But the important part of Jeremy Hunt’s comment on the subject is that he thinks we can have better public services without spending money on them.

Liam Thorp is absolutely right:

Cutting funding for public services has not improved them. In fact, they are considerably inferior – across the board – to their efficiency in 2010.

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And it seems clear that taking the money away from this useful purpose hasn’t stopped the Tories from spending money like it was going out of fashion:

Only £100 billion? Gary Stevenson reckons it’s eight times as much.

And with the Budget coming up, Hunt also made another outrageous claim that should be blown away as soon as possible:

In fact, as the article states:

in the last four years, five different Tory chancellors have pledged to bring taxes down – only for them to rise to a historic level.

In fact, the current tax burden in the UK is the highest since World War 2.

The problem is that the Tories are trying to gaslight us into thinking that national finances are like household budgets – and they aren’t.

Sadly, this thinking appears to have become contagious as Labour’s Shadow Chancellor, Rachel Reeves, is coming out with the same nonsense:

Oh, and the media are keen to echo the lie, too – but some of us are debunking it:

Bear this in mind:

The simple fact is that money never runs short in an economy like that of the UK, where the government can create as much as it needs.

Money is simply a tool – the lubricant that allows the economy to work by making it easy for us to buy and sell the goods and services that we need.

Government creates money to fund projects that it believes the country needs – or at least, it should. In recent years, the Tories have simply given hundreds of billions of pounds to their rich friends for no good reason at all.

As a result, those rich people have bought up the nation’s assets, making everything more expensive for the rest of us – those least able to afford them. The majority of the people of the UK have been priced out of their own market.

So we now live in a country where everything is phenomenally expensive, and we’re being taxed more than in living memory for services that are rubbish.

And neither the Tories nor Labour intend to do anything about it.

You would have to be insane to give your vote to either of them.


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One Comment

  1. Mr Keith A Roberts March 4, 2024 at 5:21 pm - Reply

    When the Conservatives have a problem they don’t stop and analyse the issues they react by choosing the nearest off-the-shelf aspect of Tory Dogma which sounds as if it is related.
    It doesn’t much matter which belief they pick as all are wrong and inappropriate as solutions for any crisis.
    Unfortunately, Labour now works to the same plan backed by its small army of HO workers who have been inculcated with the same useless ideologies.

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