Especially if the rumours of Rachel Reeves being shadow chancellor ring true.
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The economy will need a big Keynesian stimulus to get it going when lockdown finishes. It will be in the government's interest to do this, but they will find ways of dressing it up as something else.
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Exactly
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You have to cut spending during periods of growth so you are able to take expansionist measures during downturns. The Labour left use the term austerity to criticise basic Keynesian policies, which I thought they were supposed to support.
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National debt nearly doubled over the past 10 yrs How's there more money to spare with double the debt? Boris's spending plans,even before the virus,were bigger than Miliband's in 2015 Same with Reagan & Trump.Ramping up the debt's fine, but don't spend it on poverty-relief.
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That's precisely what I said right from the first sunak 'budget'. Unless the left can make credible arguments about how govt economics work (ie, not comparable to household budgets) we're going see to more stringent austerity I think.
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Yep, and its presumably easier to sell off whole chunks of health service if you are not also selling off their 'debts' as part of the package
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Oh higher taxes and higher inflation are coming, perhaps sooner than we think, all over the world
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