The Growth Plan
Published date : 23 September, 2022
I wonder what it says about the Government that at the height of a cost of living crisis we appear to have a Chancellor putting pressure on the Governor of the Bank of England to increase interest rates—presumably on the basis that he considers that there are too many people right now with too much money in their pockets. What does it say about the Government’s priorities, I wonder, that of all the groups they have rushed furthest to help it is bankers suffering the indignity and privations of only being able to qualify for bonuses that are double their salary? We have an economic historian for a Chancellor; will the legacy of today’s statement not be that for tens of millions of households the length and breadth of the UK any notion of a fair economy will be history?
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