Tax rises and spending cuts will be needed to deal with the "shock" to the UK economy caused by leaving the EU, Chancellor George Osborne has said. Read more.
There you go. Complete moron.
The only hope is, that the next Prime Minister won't listen to him, but that's a low probability because it'll likely be one of the conservatives and they're all over the "fiscal responsibility" bullshit.
The whole Brexit thing for them was about immigration.
Probably thinks if he eats and shits in the same day he is starving ....
ReplyDeleteSo as you taught me Tax hike along cut spending means GBP UP :D tks Mike I'm getting it now :D
ReplyDeleteIt could be one of two things. One, Osborne genuinely believes this foolishness, although his previous austerity didn't last too long because the country went into such a long recession no one could make out whether it was just one long recession or a triple dip recession. After that the deficit went up but George, suffering as he does from a strange case of number blindness, claimed the deficits went down, to loud cheering from other arithmetically challenged Tories. So somewhere in the dark recesses of his mind he clearly understands that tax rises or government cuts, let alone both, will automatically trigger a recession, especially in these conditions. Two, he and the EUphiles are intentionally creating a recession in order to make the UK vote to remain in a second referendum, or pressure the negotiators to cut a deal that is no different to full EU membership. We shouldn't rule out the possibility that he is so deluded as well as scheming and that he's doing both. The psychiatric diagnosis would make for interesting reading.
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