Quote:
Originally Posted by ianch99
I personally think he has over sold his message so that it may be seen as hyperbole rather than an authoritative economic assessment but he does have a point ..
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He has a point and the message is quite valid but the details and how they were stated are utter excrement.
The idea that HMT, unable to predict the economy in 12 months, could make even an approximate prediction on the economy in 14 years is absurd.
The manner in which household income was conflated with GDP is misleading.
Describing us as being worse off when the impact claimed was actually slower growth is misleading.
Taking the estimated 2030 figure and dividing it by our current number of households, 27 million, rather than the anticipated 30 million households predicted to be in the UK at that time is misleading.
Producing figures that rely on ongoing historically high levels of immigration, in direct contradiction of a manifesto pledge, to produce the forecast growth was a mistake.
I find it interesting that the government is so fearful of Brexit that they undermine one of their own manifesto pledges to make the case.