I believe so – but nonetheless, the balance of risks, driven by economic and political trends, has definitely shifted.
Given the Coronavirus uncertainties, whatever he announces could be even more provisional than most schemes of most Chancellors.
“Stay at home. Protect the NHS. Saves lives” now needs to end up as “Get back to work. Protect the economy. Save livelihoods.”
No more boom and bust, as Gordon Brown once said – issuing what may prove to be the most expensive broken promise in British history. But why, apart from hubris, self-delusion and an ear for the alliterative potential of a soundbite, did he promise no more ‘boom’ as well as no more ‘bust’? After all, […]
The first piece in a ConHome mini-series this week on industrial strategy after the pandemic.