'A budget that harms everyone except the rich.'

For fellow Brits, or those just interested: here is a deep dive into the economic consequences of the Conservative tax cuts from Oxford economist Simon Wren-Lewis. The TLDR is that the new budget won't produce a growth boom and therefore won't offset either the inflation (cost of living) crisis or the devaluation of the pound. Wren-Lewis also predicts that this will inevitably lead to further cuts in our already teetering public services.

This is grim reading. I want this to be wrong but I know that it's not:

https://mainlymacro.blogspot.com/2022/09/a-budget-that-harms-everyone-except.html

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Roundandroundwego · 61-69

That's the EU and the USA, too.

Burnley123 · 41-45, M

@Roundandroundwego It's actually worse here. Not trying to one up you but we are winning in the worst govt stakes!

Roundandroundwego · 61-69

@Burnley123 didn't know. So all cities i in the uk are full of the tents from homeless workers. Just like in the USA and the lifespare under 70 years, covid rages and the hospitals are all failing. People bullying the mask wearers. Sorry! Not one upping you. Your lives matter. Ours are nothing. We are the cast offs if former hateful eu and uk centuries.

Burnley123 · 41-45, M

@Roundandroundwego I'm talking about govt competence.

Brits have more debts than Americans or EU citizens. Our inflation is substantially worse than either and we have much less revenue than the USA per capita.

Homelessness is likely to skyrocket because of our govts kamikaze policies.

Roundandroundwego · 61-69

@Burnley123 we're kinda aware here, but we've lived in a sick, overworked state killing the ecosystem, surrounded by poison herbicides used on every road, with anti intellectual gun toting bullies setting the tone sinc 1970 and people in the UK certainly don't know or care and didn't say anything. Same for European people. People in the USA can't think.