Is George Osborne an idiot? Or does he just think that the voters are all fools?
Over the last few weeks, the Tories have been demanding tax cuts, saying that they are the best way to release cash into the hands of people and spur consumer spending and company investment to help take us out of recession.
Then at the weekend, Osborne was saying that we can’t cut taxes because it would cause a run on the pound (which is is bit odd, because the currency rate is not directly related to the government’s finances, it’s to do with the value of the overall economy and predicted returns compared to other nations, and is more likely to be related to the interest rate).
It sounds to me like opposition for the sake of it. You can’t credibly go around contradicting yourself in the space of a few days and expect people to think that you have a clue about how to run the economy. Of course, if your plan is to attack the government for political gain at a time of national uncertainty, it might just work – as long as people don’t have those inconvenient memory things.