There is no evidence of this having worked. Everyone knows the poor spend all their money plus a bit and the rich don’t. To pretend otherwise is a bare faced porky. It really looks like shock doctrine, scorched earth, Thatcherite nonsense and squeaky Starmer says…
He says nothing because he’s linked to the same sort of economic model but with balancing the books on his plate which in my opinion will be way worse.
There will be no surplus money going into the economy. Just like your Uncle giving you no treat money.
Aunty Liz giving your rich cousin some money to spend or Uncle Starmer giving everyone nothing.
Labour need to pop up with a big big plan.
Here comes the little bounce which everyone prematurely thought wasn’t going to happen.
In the interests of fairness apparently there was an unrelased poll last week showing the biggest Labour lead since July 2017 of 46. So the swing back is immense – since the energy support.
I’d be very surprised if Dizzy Lizzy doesn’t catch up in the medium term and then once we get some bad economic figures (because let’s face it the BoE haven’t a clue.) She will tank.
Medium term though inflation is going to correct itself (it always needed a couple of years) – and the BoE will claim they’ve fixed things whilst making everyone poorer.
It depends how the recession has taken hold by then though with people having to pay more for the economy to function because of debt slavery.
There’s some big economic data coming out of the USA today. With a widely expected .75 fed increase. These increases are shaping economic decisions and creating havoc.
We tend to follow them in increases.
