These claims made in his Budget speech are real hostages to fortune, my comments in italics.
"Britain is better placed than other economies to withstand the slowdown" - not true
"British economy will continue to grow this year and beyond" - want a bet?
"Maintained stability and confidence in the banking sector" - this is a joke, isn't it?
"Britain is more resilient... to meet future shocks" - He's not as funny as he thinks
"Growth between 1.75% and 2.25%" - Want a bet on this?
"Inflation target 2% on a CPI basis" - Much higher on any other basis
"Borrow only for investment over the economic cycle" - Is he serious?
"Borrowing is much lower than in in 1997 as is debt" - PFI, PFI, PFI...
"We borrow only to invest" - The jokes just keep on coming
"I want to do more to support Small and Medium size Enterprises" - This would make a change
"Road pricing... setting aside new money for road pricing" - They just won't let this potential source of income go, despite Ruth Kelly's announcements last week
He's boasting about getting more people into private home ownership, presumably the ones who have had to borrow more than 100% at ridiculous multiples of income
"Longer term stability... home owners...mortgage rates low and stable..."
"Climate change - " Here come the fake green taxes to forestall Climate Change - which isn't happening
Right, I have to go back to work, so no more from me... expect more taxes on cars and driving and one surprise announcement on tax that won't be as good as it sounds when it is fully investigated!
Weekend 27th April 2024
7 hours ago
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