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Re: Government & Post Election Discussion
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Originally Posted by 1andrew1
Mixed views:
In that it supports what I've been trying to prove to you - yes.
In that the budget deficit is kicked into the long grass in uncertain times - no.
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Paul Johnson, the director of the IFS.
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It said there was possibly a one in three chance that the public finances would deteriorate significantly next year, adding that the judgment to increase spending could push the national debt higher.
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Paul Johnson, the director of the IFS, said: “When push comes to shove it’s not tax rises and it’s not the NHS that Mr Hammond is willing to gamble on, it’s the public finances.”
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https://www.theguardian.com/business...ublic-finances
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“The only lesson you can learn from history is that it repeats itself”
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