Painful however mandatory measures are being delayed, criticises The Economist:
“Delaying the ache minimises the blame the Tories will obtain earlier than the following election. In the event that they lose it, it’s going to put the burden of elevating taxes or reducing spending on Labour. However the delay is unhealthy for Britain. It signifies that money owed will proceed to mount and that, to manage inflation, the Financial institution of England might want to elevate rates of interest larger than it in any other case would. … ‘As Conservatives we don’t depart our money owed to the following technology,’ Mr Hunt declared. His social gathering is, nevertheless, leaving the nation’s money owed to the following authorities. That quantities to just about the identical factor.”
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