Bust Budget
On Friday the new Chancellor of the Exchequer announced what he described as a mini-budget to help deal with the cost of living crisis. The only thing mini about it was the amount of support it provides to the average family and individual in Britain. This completely un-costed budget, will give out the largest tax cuts since 1972, most of which are aimed at the wealthiest in society. That budget in 1972 lead to a short-lived boom, and a much longer bust, with the infamous three-day week and the failure of key services.
