‘So what will happen now, Mystic Phil’, I hear you say. Well, Boris & Co will go on a bit of a spending spree, or at least put one in motion (more bobbies, your granny looked after, maybe even a pothole near you filled-in). A Brexit deal may or may not be done. If it is, it won’t get through Parliament, it it isn’t, No Deal won’t get through Parliament. So we’ll have a pre-Halloween election; which on current form doesn’t look promising for the increasingly useless JC. I’d say we can probs look forward to having both BoJo and Trump in charge until 2024.
“Cut interest rates to prevent recession, says Institute of Economic Affairs’ SMPC”
The ‘lag’, ‘trailing leg’ or ‘long wake’ of any economic measure means that its effects are often felt long after the problem it was supposed to solve has disappeared. 2010’s ‘balancing the books within the space of one parliament’ (that went well, didn’t it?), austerity to you and me, is one example.
