Friday, 21 July 2017

On The Money

Whether either yesterday’s inflation figure or today’s borrowing figure is a good thing or a bad thing, the point is that the Government had no idea that it was coming.

The Government had, and it has, absolutely no idea what is going on in the economy, and absolutely no idea about Economics.

That ought to come as no surprise.

There have been seven recessions in the United Kingdom since the Second World War. Five of them have been under Conservative Governments.

That party has also presided over all four separate periods of Quarter on Quarter fall in growth during the 2010s.

By contrast, there was no recession on the day of the 2010 General Election.

And now, the Conservatives have more than doubled the National Debt. The Major Government also doubled the National Debt.

Yet the Conservatives’ undeserved reputation for economic competence endures. They are subjected to absolutely no scrutiny by the fake news detractors of their opponents.

Until now.

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