The Guardian doesn’t really get economics, does it?

Higher borrowing costs and lower tax receipts could deprive Philip Hammond of up to £14bn when he presents his autumn statement next month, denying him vital funds to boost the economy after the Brexit vote, a leading tax and spending thinktank has warned.

A rise in the deficit, by perhaps tax revenues shrinking, boosts the economy anyway.

4 thoughts on “The Guardian doesn’t really get economics, does it?”

  1. Drop the foreign aid scam and cancel the toy train set and Crossrail 2. Along with Crossrail 1 and send the Bottler the bill for that one.

    Job done.

  2. The Laughing Cavalier

    The Bank of England reduced its interest rate down again this month to near zero. How does that equate to higher borrowing costs?

  3. The laughing cavalier, would you lend to the government at a very low interest rate or would you want to get a bit higher rate from them?

  4. Bloke in Costa Rica

    Less tax = less money to spend on shit that Grauniadistas like (but makes me want to hit someone in the sacrum with a billhook).

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