Robert Colvile & Rishi Sunak: The Sunday Times vs. The Financial Times? Political Cynic comments

Should the reader look to Robert Colvile’s essay in The Sunday Times of November 22, 2020, for his answer to the conundrums enunciated by Mr. Sunak, and reported upon here at The Financial Times ? The headline gives the game away:



Headline: In case no one has told you yet, debt’s piling up and there’s only one way out — growth


The headlines could have been from parallel dimensions. One day the prime minister was announcing the biggest boost to the defence budget in decades. The next, the Treasury was reported to be preparing a public-sector pay freeze amid record borrowing figures and a national debt topping £2 trillion.

This hairpin turn from boom to bust doesn’t just suggest schizophrenic media management. It reflects the fact that despite the ejection of Dominic Cummings and Lee Cain, the government is still deeply divided over the fundamental issue of how much we can afford to spend.

During the pandemic, the government has spent and borrowed at extraordinary levels. Billions upon billions have been ploughed into furlough, test and trace, the desperate trolley dash for PPE and all the rest of it. It will surpass the 2018-19 budget for NHS England three times over.

https://www.thetimes.co.uk/article/in-case-no-one-has-told-you-yet-debts-piling-up-and-theres-only-one-way-out-growth-prllcwpmx


Its ‘as if’ the ghosts of Hayek and Thatcher have conspired to inhabit Mr. Colvile, in tandem, producing the tinny echo of Neo-Liberalism’s collapsed Utopianism. 

Political Cynic

https://www.ft.com/content/8250fec7-0581-477e-a525-bc2ab2dd5a11


About stephenkmacksd

Rootless cosmopolitan,down at heels intellectual;would be writer. 'Polemic is a discourse of conflict, whose effect depends on a delicate balance between the requirements of truth and the enticements of anger, the duty to argue and the zest to inflame. Its rhetoric allows, even enforces, a certain figurative licence. Like epitaphs in Johnson’s adage, it is not under oath.' https://www.lrb.co.uk/v15/n20/perry-anderson/diary
This entry was posted in Uncategorized. Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.