Andy Burnham and John Healey are leaving us in the dark but there is one thing they can't bring themselves to do
Next Wednesday the Chancellor will say positive things, but he'll kick the can down the road.
TL;DR
- Governments typically leak budget ideas to gauge public reaction, but Burnham and Healey are not doing so.
- Recent Labour budgets are criticized for increasing taxes, spending, and debt.
- Tony Blair has previously stated that Labour is taxing, spending, and borrowing too much.
- The author suggests cutting welfare payments and the jobs tax to encourage employment.
- Increased employment leads to more spending, tax revenue, and economic growth.
- The bond market views the UK as a country avoiding necessary economic medicine.
- The author contrasts current policy with the perceived economic success and optimism of the late 1990s and 2000s.
- Labour MPs are resistant to cutting welfare, prioritizing spending over reduction.