So, the cut in VAT is temporary, currently for 6 months. It is going to cost about £850m. It is supposedly paid for by giving up on digital ID that was costed at £1.8bn over 3 years ( let’s ignore th… (View Post)

Something else missing is that they can’t be changed by us, only in agreement with 26 other countries who all have their own priorities. (View Post)

What we haven't seen is any Blairist rebrands from the Lords such as David Miliband or Ed Balls as was speculated on. I do wonder how well Burnham actually knows a lot of the current Labour part… (View Post)

So defence is a priority but so is cutting the cost of living. Guns and butter. I thought he was wanting to go back to the 1970s but it looks like he is going back a lot further. (View Post)

The price of defaulting on the bond markets is high, especially when you are trying to fund a war. Not sure that is a sustainable position. (View Post)