Tuesday 21 July 2020

However You Cut It

The public sector pay increase is overdue, is too small, and excludes far too many people. But beyond even that, it is to be funded out of existing budgets. Meaning that it will lead to cuts in public services.

A sovereign state with its own free floating, fiat currency has as much of that currency as it chooses to issue to itself, with readily available fiscal and monetary means of controlling inflation, means that must therefore be under democratic political control.

Generally, this Government understands that and, being electorally dependant on the Red Wall, acts on it. Sadly, and even disgracefully, it is not doing so in this case. Don't blame me. I stood for Parliament.

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