Yesterday’s budget revealed how George Osborne’s clever politics have been undone by his witless economics.
“…Osborne, by going for an unnecessarily rapid reduction in debt by means of increasing poverty, has thrown a potential lifeline to Labour. Unfortunately, Labour appear to be swimming away from it…”
From Mainly Macro
Good work from Richard Murphy at Tax Research UK in exposing the real data behind George Osborne’s “personal tax statement”.
Battered by the economic crises of the 1920s and and 30s, European politicians clung to the gold standard because it was the only thing they knew. Today’s European leaders are in the same position, trapped inside a similar orthodoxy.