This is just making a short-term dent in a persistent deficit
Will Hutton is quite right about the long-term impact of this government’s policy of selling off the country’s assets (“Eurostar, kerching! But is it really so smart to sell off our best assets?”, Comment). They are trying to make a short-term dent in a persistent deficit to persuade the electorate that they are to be trusted with the economy.
After five years of despair inflicted on the poorest and most vulnerable, savage cuts to essential public services and a wilful pretence that asking the richest to contribute more in times of crisis would destroy our recovery, it is only the world reduction in the price of oil that is allowing the pretext that the economy is doing well due to their good management.
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