Thursday 4 July 2019

Hey Big Spender

Seems that while Theresa May said she never had a magic money tree whenever her austerity measures were mentioned, Jeremy Hunt and Boris Johnson have found a whole magic money forest because they are promising to spend, spend, spend if they are elected Prime Minister.
As his waistline proves, Boris Johnson is a big fan of having his cake and eating it and he will not only cut taxes for the highest earners but reverse education cuts and pour billions of pounds into schools, put 20,000 extra police on the streets and withdraw the 'sin taxes' on salty, sugary and fatty foods, pay rises for the public service.
Jeremy Hunt, apart from lifting the ban on fox hunting, has promised to cut National Insurance Contributions, cut corporation tax and increase defence spending to 4%.
As both are are currently trying to outdo each other over who is the most likely to go with a no-deal Brexit which will blow a massive hole in the British economy, the plans to spend more money while bringing in less is not sound fiscal responsibility and i am speaking as someone who's pension plans are based solely on winning the lottery before i'm 67.
Still, austerity is over obviously.

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