The retention of the pension triple-lock had me 'sucking on lemons' ✍️ Yet again, we are featherbedding the retired at the expense of the young 🔵 CharlesWalkerMP for ipaperviews
‘We are in a right pickle and to be honest any Chancellor, Conservative or Labour, inheriting this mess would have done the same as Jeremy Hunt’ , a distinguished colleague turned to me and said: “Jeremy has the bearing of man who would be good at giving an end-of-life diagnosis – reassuring in the imparting of bad news” This was meant as a compliment because the Chancellor’s austere tone, not just his actions, matched the gravity of the situation.
Thursday, 17 November 2022 will go down as the date that the UK’s never-never, financial gravy train finally hit the buffers. Despite the nonsense talked by so-called “progressive” economists, by now most sensible people, on both sides of the House of Commons and in the country at large, have worked out that you can’t keep printing and borrowing money as if there was no tomorrow. Just two months ago,set her face against this well tested truism and the markets’ response ended her premiership.
The pain in the coming years will be acute. Inflation will remain high for at least another 12 months, the cost of household borrowing will continue to go up and real wages will fall. ThankfullyWe are in a right pickle and to be honest any chancellor, Conservative or Labour, inheriting this mess would have done the same. The triple whammy of
, Covid and Ukraine – admittedly magnified by the indulgences of the Truss regime – has put the administration on the rack. And these three horsemen, riding together, will have their pound of flesh both in financial and electoral terms.
Danmark Seneste Nyt, Danmark Overskrifter
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