The budget
I like to budget budget...
Reply
Well, that was interesting. I do wonder where all the money is coming from to pay for all of this.
If this had been a labour budget the tories (and the ragtops) would be going apoplectic over the amount being spent etc...

https://www.bbc.co.uk/news/uk-politics-51832634
There does seem to be a shitload extra going out, and very little more coming in (assuming that BBC article is comprehensive). So, yeah: where's it expected to come from?
The short burst of spending will help offset any economic crunch from the coronavirus and (whispers) the end of the Brexit transitional phase. Like hair-of-the-dog, however, the brief respite will probably be followed by more pain.
The UK government can currently borrow money at less than the rate of inflation. It essentially does have a magic money tree.
That is always true, really - the idea that the government has to carefully account for all the money in advance of spending it (which it cannot do, in any case) is some powerful righty bullshit.
Page 1 of 1 [ 6 posts ]