There is an old political adage that says nothing you do in politics will amount to anything unless you get the economy right. The economy is currently on life support; butchered, shot down by the state itself. That same state believes it can now also provide the cure to the problem it created.
Unemployment, business closures, household debt, poverty and tax bills are all on the rise…Christopher J. Wilkinson
This week, a one-year spending review will take place. The national debt is over £2 trillion, borrowing is exploding, and a public sector pay freeze is firmly on the cards; we’re right back to where we were ten years ago. If this review increases government spending in any way whatsoever, then it will do nothing to reverse the dreadful decline in Britain’s economic circumstances. Unemployment, business closures, household debt, poverty and tax bills are all on the rise as lockdown gnaws at the heels of a country growing tired of top-down control and inference. It would be illogical to say that COVID caused our present economic woes; in reality, they’ve been piling up for thirty years.
The thing we need right now is less borrowing, lower taxes and a smaller government sector.Christopher J. Wilkinson
The statist desire to pursue endless expansion is without limits. The government cannot implement its ‘levelling-up’ fiscal stimulus strategy without extra borrowing or raising taxes or cutting departmental spending. It is simply the wrong strategy. The thing we need right now is less borrowing, lower taxes and a smaller government sector. The scope for any of the prescriptions the economy needs are now further out of reach due to the profligacy of a socialist Conservative Party that now despises them. A decade of phoney austerity may now likely to give rise to a decade of real austerity. The culprit is none other than the state which, under the jurisdiction of both Labour and the Conservatives, never fixed the roof when the sun was shining and never will.