fbpx

MoneyMagpie

Join MoneyMagpie today!
Log in or Register.

Is austerity a political choice?

Home Messageboards Watercooler Chat Is austerity a political choice?

Viewing 5 posts - 1 through 5 (of 5 total)
  • Author
    Posts
  • #177507
    Jules
    Participant

    This one really interests me – is austerity a necessity or a political choice?

    You hear people claim both. Obviously I’m not surprised that the Tories want to cut back on public spending but is it something they HAVE to do? Obviously the ‘financial markets’ reacted to Liz Truss’s tax cuts – would something similar happen if we didn’t have austerity?

    Not looking for a political fight here. Genuinely interested.

    #177508
    Andre
    Participant

    We’ve got to balance the books somehow. We’ve had furlough, the economy has been destroyed by lockdown. We can’t just keep spending.

    #177622
    Jasmine
    Keymaster

    It’s a point but I’m personally pro the growth plan that Liz Truss tried a month ago. I think the markets were stupid to react as they did. We should have gone with her plan in order to get ourselves out of the recession. Austerity won’t work.

    #177698
    Marc Crosby
    Keymaster

    It’s very scary – a pub near me that has been open for years has had to close down. The mix of inflation and bills going up, combined with customers having less spending power has made the situation impossible for them. Genuinely worrying how many other businesses will be in the same position.

    #177706
    Jules
    Participant

    <span style=”color: #646464; font-family: filson-pro, sans-serif; font-size: 15px;”>It’s very scary – a pub near me that has been open for years has had to close down. The mix of inflation and bills going up, combined with customers having less spending power has made the situation impossible for them. Genuinely worrying how many other businesses will be in the same position.</span>

     

    My High Street was already on its knees before this…it’ll be a wonder if there’s a High Street left.

Viewing 5 posts - 1 through 5 (of 5 total)
  • You must be logged in to reply to this topic.