Editor, the International Monetary Fund has come up with another stunning insight.
No doubt after months of deep analysis and contemplation, the IMF is warning that as our own economy shrinks and the Government keeps on cutting and as most of our European trading partners shrink and cut there might be a threat to economic growth. Who would have believed it?
Surely we are a cut above the luckless lands in the eurozone and anyway have we not all been led up the path of a deep cuts policy with tailor-made cuts for different people?
It’s so clever. For example, there would be one kind of cut for the poor – punitive cuts for disabled people, young people and the many who are forced to rely on benefits – and, naturally, a tax cut for the better off now and another just before the next election.
The plutocrats are so vital to us – we couldn’t possibly do without them. Those scraps off the heaving tables of the wealthy will assuredly trickle down.
And none of our still-so-rich bankers are crying wolf about taking their bat, ball and bad habits out of the country, perish the thought!
The one thing that all this will not cut of course is the financial deficit – with lower tax revenues from businesses and individuals and increased public expenditure anyway for the legions of unemployed, underemployed and simply forgotten.
It’s nice to know that we’re all in this together and that our wise and considerate government, the highly paid intelligentsia at the IMF and in our beloved banks will pull us through – with the IMF suggesting tax cuts (how imaginative!) and the bankers with their bowls ready for a further big cut of the national cake in the next financial bailout.
It’s beginning to make Reaganomics look almost sensible!