Rachel Reeves will punish the country with austerity next week. The latest debt figures provide no evidence of the need for that. www.taxresearch.org.uk/Blog/2025/03... - ThreadSky

richardjmurphy.bsky.social • 4 days ago

Rachel Reeves will punish the country with austerity next week. The latest debt figures provide no evidence of the need for that.
https://www.taxresearch.org.uk/Blog/2025/03/21/does-the-uk-government-have-a-debt-problem-right-now-no-except-for-the-self-imposed-one-created-by-the-bank-of-england/

Comments

jagsman.bsky.social•4 days ago

Austerity by another name. Paying for the Tory legacy of 14 of neglect.
Tax wealth instead!

triassic.bsky.social•4 days ago

The American capitalist think-tank said austerity was the only way!

baron-of-navan.bsky.social•4 days ago

Hoping the thing that has ruined the country after 14 years will fix it by doing it again is bat shit mental /incompetent .
Labour are proving to be useless

officialstehee.bsky.social•4 days ago

At least when Osborne tried austerity he decided to ignore the experts. This time Reeves is deciding to ignore the data that proves this is bat shit mental. That means she is even more nasty than Osborne…a labour govt more nasty than a tory govt. Unthinkable.

baron-of-navan.bsky.social•4 days ago

Very much so , just insane

christinalattimer.bsky.social•4 days ago

I’m beginning to realise - especially reading about #MMT that current monetary policy is nothing more than a strategy to control people. Worse it’s designed to bleed ordinary people dry and enrich the already rich.

purebaltic.bsky.social•3 days ago

Once you glimpse the reality, you'll never be able to unsee it and you'll begin to understand what the cultural hegemony is and how it operates.

christinalattimer.bsky.social•3 days ago

Yes I get you. I’ve always kind of knew the system wasn’t right but couldn’t quite put my finger on it - the light is dawning though.

purebaltic.bsky.social•3 days ago

Good for you 👍

laughinglemon.bsky.social•4 days ago

There seems to be something going on at the Treasury at the moment as well. https://www.gov.uk/government/news/chief-secretary-announces-government-finance-systems-overhaul

richardwild.bsky.social•4 days ago

No there's no need to do it, but she really wants to.

crustyfoote.bsky.social•4 days ago

Methinks we have government by obsessive compulsive disorder

tim0.bsky.social•4 days ago

Labour's 'difficult decisions' of targeting the less well off are deplorable

The country would far prefer alternative 'difficult decisions' such as...

👍 Customs Union and Single Market, leading to rejoining the EU

👍 Wealth tax

👍 Stop bailing out failing water companies

👍 Stop being utter dicks

atm0spheric.bsky.social•3 days ago

Why does nobody ever tell the public who their economy is borrowing from, how much they are paying each of them, and where the interest goes?

And for those who can cope with the complexities of buying and selling, the same for the bond market?

fudoka.bsky.social•4 days ago

Austerity for the sake of austerity - i.e. keep people poor and worried, convince them it's all their own fault and that taxing the rich means that they'll never get rich ...