Wonks Pan Mayism: Job Losses, Higher Inflation, Living Beyond Our Means

Red Theresa’s manifesto means job losses, higher inflation and Britain living beyond its means for a quarter of a century, say the experts:

Institute of Economic Affairs:It’s concerning that we may be seeing the advent of a Conservative Party which fails to understand that economic and social problems are more likely to be eased by free market solutions than by increased state intervention, however well-intentioned… An increased burden of regulation and further government interference in price and wage setting will raise costs, undermine competition and reduce labour market flexibility, resulting in job losses and higher inflation. The delayed timetable for eliminating the budget deficit suggests that the Conservatives’ commitment to fiscal discipline is continuing to weaken.”

Centre For Policy Studies: “According to the Conservative Party’s fiscal target reported in the press today, the UK is set to reach a budget surplus by 2025-26. This will mean that the UK has lived beyond its means for a quarter of a century… this fiscal target is disappointing. It should be seen as a ‘worst case’ scenario. The next government must aim to achieve a budget surplus at an earlier date.”

Confederation of British Industry: “The Conservative manifesto has an Achilles heel – in a global race for talent and innovation UK firms risk being left in the starting blocks because of a blunt approach to immigration.”

Institute of Directors: “Businesses will worry that interventions will disrupt the normal flow of commerce… interventions in the labour market must be handled delicately, with trade-offs for businesses. Any new employment regulations must be consulted on in depth to ensure that they do not have unintended consequences. The manifesto states that the Party does not believe in ‘untrammelled free markets’, but they must also recognise that governments have limitations.”

Privately Tory MPs and Cabinet ministers know it, too…




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Quote of the Day

Jacob Rees-Mogg on Theresa May

“There comes a point at which the policy and the individual become so intimately connected that it would be very hard to carry on supporting the person who is promoting this policy.”

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