by Suff » 26 Oct 2022, 14:37
The question is do what?
Can he fix the budget? Sure, he can take back everything they give away and tax everyone to the hilt and he'll have the Covid black hole sorted in a decade.
Then again can he fix the looming energy crisis? Sure he can borrow loads of money and give it to people in order to make sure they don't get a mussed hair over energy prices. Then he can tax everyone to death for a decade to pay it all back.
Can he fix inflation? Of course he can't. Neither can the BoE. Who have been raising rates at an unprecedented speed since they were freed but still inflation goes up. Why? Because the vast majority of inflation is imported with the energy we buy and the BoE have absolutely no control over that.
So there you have it. The triple whammy we're facing today. Nobody can fix it but he can certainly walk tall, talk a good story and walk the middle line. Nobody will be happy but by Dec 24 at least things won't be much worse (or better), than they are today. Some of the borrowed money will have depreciated though and can be paid back at a discount....
Starmer? So far as I can tell from his mantra, his actions will be ideologically based and not economically or fiscally. Better job? Depends if you are receiving the money he will be hosing the wall down with. Or paying for it....
There are 10 types of people in the world:
Those who understand Binary and those who do not.