Don’t be dazzled by the Budget: hidden in the small print lies a catastrophe ✒️ IanDunt via ipaperviews Budget2023
It was quite easy to be drawn into fantasy while listening to Hunt’s statement.
It was quite easy to be drawn into this fantasy while listening to his statement. Hunt always seems fairly reasonable and good-tempered. The Government would fight for growth by sustained policy intervention, particularly with afor all children over the age of nine months, thereby freeing up parents to go back to work.
It’s been this way since the OBR was established by George Osborne in 2010. There’s rarely been anything heartening in the document since the organisation was born, because the post-financial crash story of Britain is one of stasis, confusion, sporadic bursts of mania and perpetual decline.
Inflation peaked at 11.1 per cent in October and is expected to fall to 2.9 per cent by the end of the year. The economic downturn will bethan expected. But the underlying structural problems of the British economy have not disappeared. And the brute impact on people’s lives has not gone away either.
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