Well it’s now official – Mr Philip Hammond the new Chancellor admitted the Government in the Autumn Statement has failed to keep their promise to balance the books by 2020 as borrowing will increase, after six years of George Osborne’s brutal policies.
The Treasury independent advisors said leaving the EU will trigger lower growth, higher inflation, less investment in 2017/8, economic growth will be revised from 2.2 per cent to 1.4 per cent, inflation increasing from 0.7 per cent to 2.3 per cent.
This loss of income to the Treasury will force Mr Hammond to borrow more.
Working people will once again shoulder the burden; they will be £1,000 a year poorer. But what of those Brexit dear leaders who won and lost the referendum, will they suffer the same sacrifice? Of course not.
Nigel Farage, ex-city banker, who’s convening the USA and doing some American out of a job. David Cameron who will be known as the PM who took us out of the EU, but he’s doing very nicely since his moonlight flit picking up £120,000 an hour for political speeches in America. Wonder what’s in his speeches, how to con the British people?
Then there’s George Osborne the master of them all, the former Chancellor’s reputation was crushed under a mountain of debt and missed every economic target since 2010, and yes you guessed it, he’s going round America. He’s made £320,000 in the past three months.
Because of these economic migrants and self-serving decisions, Britons will face lower growth, higher inflation and less investment.
Ron Jowett, Shifnal
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