Austerity 2.0
While George Osborne imposed fiscal tightening on an economy that was growing, Jeremy Hunt’s tightening will hit an economy that is in recession.
Menu
While George Osborne imposed fiscal tightening on an economy that was growing, Jeremy Hunt’s tightening will hit an economy that is in recession.
The policy will help Starmer to present the Conservative party as remote, rich and out of date.
Osborne’s attempt to make London and Beijing indispensable allies was hopelessly naive.
The PM has done the easy bit in calming the markets but now he needs to set out how to reform public services.
It may well be that, having renounced self-harm just in time and with a following wind, the beleaguered Conservative party will pose a serious threat to Labour at the ballot box.
Polite, sleek and self-disciplined, Hunt remains a political enigma.
If the Chancellor wants to ensure an economic recovery, then he should rethink his anti-innovation proposals.
Johnson’s turbulent time in No10 has been lucrative for the ex-PM. Now those with a ringside seat are also cashing in.
There were few crumbs of consolation to be found in Jeremy Hunt’s socialist budget.
Subscribe to Reaction and receive unlimited access to the site, our daily email with analysis every evening and invites to online events.
© Copyright 2022 Reaction Digital Media Limited – All Rights Reserved. Registered Company in England & Wales – Company Number: 10166531.
