id767100126
the idea that the UK government is facing some sort of fiscal black hole that will be impossible to fill without drastic cuts to public spending is simply absurd.
As economists from across the political spectrum have been pointing out for decades, government spending in a wealthy economy like the UK is not constrained over the short term by tax revenues.✏️ The common refrain when it comes to austerity.
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We have to cut costs because we’re in debt and financially in a bad place.
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