Wednesday 14 October 2015

Labour MP explains what's wrong with Osbornomics

Labour MP Jonathan Reynolds said in the House tonight:

"We’re getting to the crux of this debate, which is that this fiscal charter is intellectually moronic. It essentially commits this House to never borrowing to invest, even when the cost/benefit analysis of that investment is such that the country would benefit greatly. And that is why it has not one serious economist backing it, other than the self-styled experts on the government benches."