2024-08-30 13:51:29
The so-called ‘black-hole’ left by the conservatives was never “hidden” from anyone. Both major parties knew that spending cuts, tax rises or higher borrowing were necessary after the election. At the time, both parties were accused of a ‘conspiracy of silence’ over this. [Link] NEEDS_MORE_RATINGS(12-0-4) Author
2024-08-30 14:06:53
NNN, the link provided is actually from two months ago, since then the obr has launched an inquiry into Tory ministries knowingly putting forward spending figures for billions of pounds less than what was required for in year spending. In essence a massive black hole. [Link] NEEDS_MORE_RATINGS(2-0-3) Author
2024-08-30 15:38:27
National economies are not comparable to personal bank accounts. [Link] NEEDS_MORE_RATINGS(6-0-2) Author
2024-08-30 22:50:16
Public spending is not funded by taxes. The UK Government, under Parliamentary authority, creates new money every time it spends. There is therefore no such thing as a ‘public finance black hole’. [Link] NEEDS_MORE_RATINGS(5-1-2) Author