Monday, November 5, 2018

What Does the Budget Betoken?

In some idle moments over the weekend I perused a few leftish websites and discovered a distinct strand of opinion on t'other side is that Hammond's effort of last week is a pre-election Budget.

Which might be wishful thinking on their part, I guess.  But perhaps it's worth a moment's reflection?  My impression, FWIW, had been that the Budget was a signal to those Brexiteer Tory MPs who care most of all about tax-cutting that it'll be worth their while to support whatever half-baked deal May finally comes up with.  

Which isn't incompatible with the pre-election thesis, of course.  And it's done double duty, because the tax cuts seem to have thrown Labour into a bit of a tactical dilemma, with suggestions that their private polling has lead McDonnell to be wary on the subject, and consequent awkwardness on the Labour benches.

How do C@W readers interpret last week?

ND  


from Capitalists@Work http://www.cityunslicker.co.uk/2018/11/what-does-budget-betoken.html

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