LONDON - British finance minister Sajid Javid said he was “turning the page on austerity” as he promised the biggest spending increases in 15 years, a move widely seen as part of Prime Minister Boris Johnson’s push for an election to break the Brexit impasse.
Day-to-day spending would rise by 4.1% above inflation in the next financial year, the first after Britain’s scheduled departure from the European Union on Oct. 31, he said. “To come here and to try and fool us with references to people’s priorities is beyond irony,” McDonnell said. “We are expected to believe that these Tories who for years have voted for harsh, brutal austerity have had some form of Damascene Conversion.”
But analysts have warned that he could end up weakening Britain’s budget credibility by making big spending pledges at a time when the economy is at risk of recession and the outcome of Brexit remains so unclear. Prime Minister Johnson is pushing for an early election to resolve the parliamentary impasse over Brexit.
Two pages a time..? Come on Javid don't rush it.....
But he can't read.
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Getting some cash from the Singapore tax haven?
So after nearly a decade of austerity during which the national debt has more doubled (despite selling off national assets) he's suddenly found billions to spend? Hurrah!
Lol he’d better pull something out of his hat. People saw the govt report of a no-deal brexit.
:gif_sure_jan:
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UK's Javid says finance sector is top priority as Brexit nears: sourceBritish finance minister Sajid Javid told representatives of the country's ... thats a mistake. finance is a parasitic industry that wouldn't exist in a righteous world Remainers seriously need to ask themselves why the financial sector is so important with respect to Brexit which will will be a walk in the park compared with upcoming global financial events. Be careful what you ask for. ПРОШЛИ
Source: Reuters - 🏆 2. / 97 Read more »
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