BrianW
Well-Known Member
- Joined
- 6 Mar 2006
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I have always said that if there was a war tomorrow, they would find the money for that. Chamberlain didn't get an estimate before declaring war in '39.They had no trouble saying yes to £3bn a year for Ukraine for as long as it takes. Fiscal rules go out of the window when it comes to war, apparently. It can be funded, they're choosing not to.
The main problems are 1. The country is deeply in debt. Labour remembers Truss and doesn't want to scare the markets. 2. People have been promised no increases in the main taxes and will be jolly cross if that promise is broken. (I do expect some 'non-main' taxes to rise BTW but I suspect they want to go gently at this point.)