The Foreign Secretary knows that she is being played off by them against the Chancellor. They know she knows. And she knows they know she knows.
Posts Tagged: Deficit
Damian Green: Wage-price spirals. Cost-push inflation. A brief guide to 1970s economic jargon. It may come in useful.
I thought it would be useful to pass on some phrases that have fallen into disuse, but might be needed again if the authorities don’t get their act together.
David Gauke: Sunak’s options for a Budget windfall. Lower debt, tax cuts and higher spending. Which will he choose?
The Chancellor will have have more money to play with than was forecast. How he uses these additional resources will tell us a great deal about his priorities.
Shrey Srivastava: Why young people should reject the folly of modern monetary theory. Along with everyone else.
Once inflation arises, reversing course is difficult. Businesses shut down or relocate, unemployment soars and we enter an economic contraction.
The centre isn’t where he or ConservativeHome or anyone else wants it to be. It’s where it is – “Far From Notting Hill”.
What we need is to promote a higher wage, higher productivity economy. Our economic targets should reflect those aims.
The Government can’t deliver levelling up without more supply-side change, localism and public service reform.
Providing small businesses with technology and training will accelerate our recovery from Coronavirus.
The Budget was, if truly honest, a sign that the Government shuns spending cuts and embraces tax rises – which is ultimately unsustainable.
Ryan Bourne: Why is Sunak so taken with tax hikes – when the tax burden is forecast to be its heaviest for 70 years?
Conservative messaging implies an implicit belief that there are no major state functions ripe for reform in any fiscal repair.
The Budget should be a big reset moment for post-Brexit, post-Covid Britain. It risks being lost amidst a rush to tax rises.
It will probe whether or or not Sunak can prepare the country for that future – and perhaps succeed Johnson himself, “one fine day”.
Richard Holden: The Chancellor shouldn’t try to win a spending arms race with Labour – which we would lose anyway
Perhaps the simplest way of putting it is: it’s all about economic credibility, stupid. Because come 2024, it certainly will be.
We need to have a debate about which taxes are least damaging to economic growth. Over the long term, corporation tax ranks as being one of the worst.
George Freeman: The industrial strategy reforms I led helped to deliver Britain’s vaccine success. Now for the next phase.
I’m delighted to have been asked to help set up the new Taskforce for Innovation and Growth through Regulatory Reform.
Ryan Bourne: Calm down, stay cool – and drop this talk of tax rises. It’s too early to know how everything will settle down.
It’s baffling why think-tanks are taking the OBR assessments as truth, given its prediction record.