Whisper it “the chancellor is not being as fiscally tough as he pretends.”
All the nasty stuff happens after 2024/5, in the short term he is borrowing a lot of money to support households + firms in a recession.
Fair enough. Pushing back the “difficult decisions” is …
politically cute. The Tories are not in a great position, at least they get to set the ground rules for the fiscal debate at next general election.
Hunt just manages to get debt:GDP falling in 5 years but debt stock is growing + he’s nowhere near balancing the books.
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