These Charts Show Why Brits Are Furious About Austerity – Bloomberg

Conservative Party (UK)

Conservative Party (UK) (Photo credit: Wikipedia)

Bloomberg highlights that Theresa May promised Northern Ireland a billion pounds and now the tide of public opinion is turning against her cost-cutting policies. The evidence provided by Bloomburg shows simple evidence, trended over time. I welcome the return of evidence in the mainstream media.

Source: These Charts Show Why Brits Are Furious About Austerity – Bloomberg

Under Cameron and May, plus their weak finance ministers, the UK missed an opportunity but worse got it wrong.

With Labour as the new conservatives propping up social welfare and big government, despite increasing evidence that socialism has failed, the Conservatives could have become the new reformers, embracing radical reform of the public sector. Over the last five years, John Gelmini and myself have repeatedly highlighted on this blog a strawman of policies for radical reform. But the Conservatives lacked the stomach to do what was right.

Instead the Conservatives chose extended austerity, applying the bacon-slicer to central and local government. As we have advised many time, this was never a strategic solution. As we predicted, the quality of public services collapsed and there has been limited underlying reform. Now the public are rightly tired of the ‘austerity’ medicine and they’re beginning to smell a very large rat on Brexit.

It’s clear that the Conservatives have abandoned the millennial generation. Thanks to the Conservative Party Manifesto 2017, and especially the ‘Dimentia Tax’, the Conservatives have lost the confidence of older voters too.

With enormous downside risks from three directions, Brexit, the economy and the threat of a Marxist government in the UK, the 1922 Committee needs to intervene and replace Theresa May with an effective leader, who will appeal to young people.

Thoughts?

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: