After all, the first draft of history is what journalism is supposed to be all about. It does all seem a bit of a sleazy, Euro-obsessed, divisive and traumatic blur, though. The present chancellor boasts about substantial growth, the best foreign inward investment and millions of jobs created... but it’s also true that household living standards have hardly risen, we have record NHS waiting lists, trains that don’t run on time, sewage in the rivers and crumbling schools.
As they say on the social media memes, if we set “how it started” against “how’s it going”, it doesn’t seem that the last decade and a half has achieved that much. It started with David Cameron as prime minister, and the dearth of talent available by its terminal stages saw him brought back as foreign secretary. It started with a mission, if you’ll excuse the term, to fix the public finances, the mantra of “get the deficit down”, a drive for tax cuts, and the austerity programme of chancellor George Osborne.
It ended with the biggest national debt since the war, the highest tax burden since the 1950s, and chancellor Jeremy Hunt’s spending plans that imply even more severe (and unrealistic) real-terms cuts in funding for public services. And, of course, the Truss-Kwarteng mini-Budget along the way.
Esta historia es de la edición May 24, 2024 de The Independent.
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