Today’s UK budget is called ‘the budget for growth’ with the four E’s of enterprise, education, employment, and everywhere. Jeremy Hunt heavily trailed the latter in a speech he made at Bloomberg’s offices in January. Many of the proposals in the Budget were as expected and were known by the media. In other words, there …
Has the Chancellor tightened policy too much?
Framed as a budget to shrink debt and control inflation, Jeremy Hunt’s statement in the fifth fiscal event of this year essentially left most of the heavy lifting to 2025 and beyond. Of the measures announced, some three quarters were spending cuts, and just one quarter were tax increases. Of the £61.7 billion fiscal tightening …
Continue reading “Has the Chancellor tightened policy too much?”
‘Trussonomics’ brutally undone by reality
‘Trussonomics’ was destroyed on Monday 17 October New chancellor Jeremy Hunt in a statement to parliament on Monday 17 October, reversed all the major announcements in the mini budget made less than a month ago. It is a complete abandonment of all Liz Truss’s aims as Prime Minister and her chancellor Kwasi Kwarteng, and it …
Continue reading “‘Trussonomics’ brutally undone by reality”