Thursday, 9 July 2020

The Broad Sweep

The broad sweep of this Government's programme makes it clear that it understands that the State raises money by exercising its right to issue currency, with taxation as one of the means of controlling inflation while encouraging certain forms of behaviour and discouraging others.

But taxation is not the source of revenue. Nor is borrowing. A sovereign state with its own free floating, fiat currency can afford anything it wants. And the United Kingdom is such a state. Ask the Chancellor of the Exchequer. He'll tell you.

Yet from time to time, the Government still insists on appeasing the saloon bar economic illiterates who in any case once again have the Labour Party to vote for. So it is reintroducing hospital car-parking charges even for the staff in England, rather than abolishing them altogether as in the rest of the United Kingdom.

You see, in the United Kingdom, but beyond England, there is nothing but the wasteland that is Venezuelazimbabwe. Its forlorn inhabitants must make do without prescription charges, eye and dental charges, hospital car-parking charges, and so many other boons besides. For example, in Scotland, which is the largest part of Venezuelazimbabwe, they also toil under the burden of rent controls.

Aren't you glad that you do not live in Venezuelazimbabwe? And aren't you glad to have Keir Starmer, and Anneliese Dodds, and all the rest of them, to make sure that you never do? Well, of course, they are in no position to make sure of anything. And they never will be.

Pencil in 19th June 2029, the sixty-fifth birthday of Boris Johnson. There or thereabouts, and most obviously on 25th July so that he will have completed 10 years as Prime Minister, Johnson will hand over to the 49-year-old Rishi Sunak.

There will be no contest. The Conservative Party in the next House of Commons will be dominated by the MPs for seats that had turned blue either in 2019, having voted for Jeremy Corbyn and John McDonnell while they had held the Bennite line on Brexit, or in 2024, meaning that they will have voted for Corbyn and McDonnell both times.

As many of their MPs will also have done. There is little or no Conservative Party organisation in many of the constituencies that that party won last time, never mind in the ones that it is not going to win until next time. In the latter, more or less anyone plausible who turned up and asked could probably be the nominee.

People with histories in the local Labour Party itself might be a bit much, although you never know. But people who had voted Labour both in 2019 and in 2024 could even present themselves as able to reach the target voters.

While the Official Left fusses about getting one or two people onto this or that committee of the Labour Party, and it is unlikely to manage even that, this is a major opportunity for us on the Provisional Left.

Southern Democrats never expected to become Republicans, and Rockefeller Republicans never expected to become Democrats. But the Conservative Party is now electorally dependent on the Red Wall, while the Labour Party is glad to see the back of us.

Delivered by the next Prime Minister, the Budget of March 2020 has ended the era that began with the Budget of 1976. The Centre is the think tank for this new era. It already has plenty going on.

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