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ed_blackburn | 3 months ago

After 2008, others pressed Keynesian stimulus. The UK chose Hayek. Austerity. Councils took the hit. Services vanished. Early-years centres. Youth work. Local welfare. The safety net thinned, then tore. Families slipped through.

Then Covid. Then Ukraine. Prices surged. Wages didn’t. A decade of inflation stacked up while pay stood still. For many, that was a silent pay cut.

Truss turned strain into crisis. Unfunded tax cuts. Markets panicked. Gilt yields spiked. Mortgage costs jumped overnight. Another blow to households already on the edge.

So we end up where CNN reports: record child poverty, even among full-time workers; parents unable to cover the basics as the social architecture collapses.

Into that anger steps Reform UK. They offer a protest vote. But their plan is the same old mix: deep cuts, a smaller state, and migration as the scapegoat. The very recipe that helped bring us here.

Send help :-(

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munksbeer|3 months ago

> After 2008, others pressed Keynesian stimulus. The UK chose Hayek. Austerity.

The UK chose both. Vast amounts of QE and correlated ZIRP. Additionally austerity.