Another victory like this....
Happy days for the chancellor, now the IMF has stepped in and told him his policies are useless. After the verdict of the bond and FX markets how many more opinions does he need? Maybe the PM could cover her tracks by firing him and appointing someone who can count, to reverse the policy?
That seems unlikely, not least because as John Redwood told the BBC this morning we have not seen the whole picture. The chancellor is going to tell the world how he can afford all this largesse for millionaires next month.
He only has one choice, balance the books by slashing spending. After all he can’t raise taxes can he? Or borrow more while waiting for growth when you have done nothing to encourage growth? It is not a policy, as the IMF makes clear.
Oh and this time the OBR will be checking his maths.
But no matter the force is strong in this one, the belief that tax cuts for billionaires and slashing the size of the state make sense.
But what is left to slash? Free school meals, state pensions, civil service pensions, which includes police, fire crew, army, navy and airforce pensions? NHS pensions and wages. the NHS, social care and education, what can possibly balance the books?
The far right of the party have only had their hands on power for a matter of weeks, they are not willing to give up yet.
They are still so dumb that they think they can smell victory. But it the smell of the country crashing and burning around their ears.
The country cannot afford their victories. No country can.
Economics, trade and Brexit, not necessarily in that order but the dog always comes first.