Tim Evans on the 2016 Budget

Tim Evan’s recent talk at the Two Chairmen was delivered in three sections: the strategy of the new Corbyn axis in left-wing politics, the budget and the EU “Brexit” referendum. This article summarises the section on the budget.

This country is now in debt to nearly £1.6 trillion. The deficit is approximately £70 billion. In 365 days that is £192 million per day of new debt.

The fact that Corbyn is leading the Labour to the left means that expert triangulators Osborne and Cameron will try to appeal to voters as diverse as classical liberals and social democrats.

Osborne’s view is that Britain has onerous debt levels and reducing the deficit is a huge struggle. His department are playing for time.

Osborne is seeking to rebalance and broaden trading relationships, for example, angering the US to do deals with China and entering into projects with Germany to trade Chinese bonds. He also wants to retain relationships with Europe and ramp up trading with India.

His target is 36.5% of GDP – lower than Thatcher – without looking like a right winger.

His advantages are that the UK is a strong  reputable state with good rule of law and a highly skilled workforce (an example of Tim being very much in the mind of No 10!). They are also good at triangulation. For example he was not accused of being especially right wing when he made the Lib Dem coalition ministers supervise the sale of Royal Mail. He also keeps right wingers like us whining.

Simon Gibbs

Simon is a London based IT contractor and the proprietor of Libertarian Home. Working with logic and cause-and-effect each day he was naturally attracted to nerdy libertarianism and later to the benevolent logic of Objectivism. Find him on Google+ 

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  2 comments for “Tim Evans on the 2016 Budget

  1. Paul Marks
    Mar 14, 2016 at 12:54 pm

    The present government made no real effort to reduce government spending even before Mr Corbyn became Leader of the Labour Party. Even such things as “foreign aid” (refuted by Peter Bauer decades ago) have actually been increased. I am expecting nothing to cheer about (on taxation or government spending) on Wednesday.

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