Re: Britain outside the EU
Fiscal "policy" needs to apply to everyone. In the good times you save a bit so in the hard times you have something to help you through, that is you don't increase your spending to match your income. (Now please I do understand that there will be some who can't do this.) We have only really been able to put a good bit aside since 2019 when the mortgage was paid off but once it was we didn't spend all the surplus other than when every goes wrong at once - new car, boiler, washing machine, solar panel inverter etc. Plus children off to uni and my participating in some training.
The same is true on the macro scale, in the good years you save so in the bad times you have that resource to use but (generally) the Labour crew like to spend and the Tories don't like to collect.
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