Higher UK borrowing casts doubt on pre-election tax cut prospects
Higher UK borrowing casts doubt on pre-election tax cut prospects
Government borrowing for the year was £6.6bn higher than expected, according to new figures.
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Weird how military spending is perfectly fine and protected from any cuts by the deficit hawks.
BBC is peddling neoliberal junk economics.
Presumably you're implying that we should cut military spending? Given what's actually happening in the world, a prospective Trump presidency and what that means for NATO, what is the alternative you are suggesting?
Yes. Military is a parasitic sector where most of the money ends up in the hands of defence contractors in the US. Nothing productive going on there.
Also my point was not just against miliary spending but that military spending is always spared from austerity. See Milei government buying American fighter jets while claiming to "have no money". Or "bankrupt" Greece getting weapons from Germany while cutting welfare costing a fraction of that.
Well I don't think cutting military spending is going to appeal to any sensible policy makers right now. Geopolitically at the moment that would be a rather foolish thing to do.
This doesn't excuse governments from spending on other things, however.