Friday 23 June 2023

Rishi's Five Pledges Not Going Well

In January Rishi Sunak made 5 pledges to the British Public and asked us to judge him on how many of them he hits at the end of the year so as we are halfway through the year we can check in to see which he is on target to hit.
First up was halving inflation which sat at 11.1% in January and today is at 8.7% but as the Government does not control inflation as this one is in the hands of the Bank of England and the Office for Budget Responsibility’s (OBR) predict that the UK economy would fall to 2.9% by the end of the year organically so bit of a sleight of hand for this one as he wants to take the credit for something which would happen anyway .
The second pledge was to grow the economy but rising inflation has led real-terms pay for the average UK worker which has led to strikes across the country as workers and the OBR says that Britain's economy has stagnated, and it has done so more than other economies elsewhere so again, not really going to plan so far.
Bring down the UK Debt was number three but as today it was announced that the debt is at a record high of 100% of GDP then he won't want to dwell on this one too long.
Decrease the NHS waiting lists was pledge four and according to the latest figures, over 7.2 million people are waiting for treatment and in January it stood at 7.2 million people waiting for treatment so no change there then.
The final pledge was to stop small boats crossing the channel with illegal immigrants which was 28,526 in 2021 and 45,755 in 2022 and so far this year there has already been 10,913 and we are just entering peak channel crossing period and the Channel Crossing Tracker predicts at the current rate will see 85,000 in 2023.

All in all not great Rishi.

5 comments:

Liber - Latin for "The Free One" said...

yawl are in poopey because of your demographics, welfare system, and regulation of industry.

your industries are throttled by controls and drained by taxes to pay for UK's rather extreme offerings for pensions, health care, education, etc.

now comes a small younger generation that as a whole will consume less (hurting the national economy), pay less in taxes (as they are a smaller income earning group), while you have a large older generation that is retiring thus needing more medical care and pensions both funded by increasing taxes...

yawl are in for a rough 10 years, maybe 20... ouch

Anonymous said...

Brexit!! Tory economic mismanagement, Liz Truss, privatisation, austerity, 13 years of right wing policies, job cuts, government corruption, covid and profiteering but mainly the window shakingly awful economic self harm of Brexit.

Liber - Latin for "The Free One" said...

Brexit is going to save your dumbassess. what is your alternative to the Tory economic mismanagement? oh, more government owned production and services? ask cuba and venezuela (hugh oil reserves and failing) how that is working out for them...

so you are saying to fix things you advocate:
- more taxes (demographics aren't great, young people make things, consume and pay taxes. UK is aging...)
- more government ownership of industry (ps, government is an overhead expense not a value add)
- get back in the EU which is on the verge of crumbling
- go back to an EU and have more military expense because the US is gonna stop subsidizing the EU

economics isn't really that difficult to understand
- germany is on the verge of serious economic challenges (supply lines and energy issues)
- germany is not going to help the struggling EU nations, just insist on more austerity...
- italy, spain, greece, portugal already have serious problems that will get worse
- france can self-sustain but they don't want to pay for problems in other EU nations
- old rifts between france and germany are on the verge of recurring (remember 1915 and 1935)
- europe has crippled itself on the energy front by going green and by depending on russian energy - brilliant

i hope you get all the things you advocate!!

Anonymous said...

Did I say those things or is this your I implied (as in never actually said it) again? All those time, effort and words to explain why what I never said is wrong. Oh well.

Liber - Latin for "The Free One" said...

oh well