The new guy is a total nobody... hedge fund millionaire. Only an mp since 2015. Either he is some sort of financial whizz kid or he has been put there as a stooge. Hmmm.
Interesting reporting on Newsnight about independence of the Chancellor of the Exchequer, and interview with Norman Lamont.
Apparently Javid had a set of stringent rules promoting fiscal responsibility. But after today, No.10 has basically taken control of the Exchequer through its new (former Goldman Sachs) banker.
Why would Johnson, following exit from the EU with possibly no trade deal in place, want to force the resignation of his fiscally prudent Chancellor of the Exchequer?
According to former Chancellor Lamont, it is so he can cut taxes and increase spending in a fiscally 'irresponsible' way!
How else is he going to keep those new Northern English (traditionally) Labour voters on-side? Well, its obvious, what would Jeremy Corbyn do?
As the Newsnight presenter herself asked "has Johnson found all the magic money trees?"
Borris would be perfectly at home in SF
Tax cuts and huge spending increases
Is he wrong?
It won’t achieve it be throwing good money after bad either.
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