It is no secret that Labour MPs struggle to understand how wealth is created – hardly surprising when just one member of the Cabinet has a business background. But Jonathan Brash has now offered a particularly dazzling insight into the economic literacy of the governing party.
In a post on X last night, which was hastily deleted this morning, the Hartlepool MP declared:
Public sector workers use their income to pay FOR the private sector. The state is one of the biggest procurers of the private sector. It wouldn’t exist without taxpayers. People creating the divide between public and private genuinely don’t understand how an economy works.
There we have it. In Brashonomics, the private sector owes its existence to a state funded by taxes levied on the private sector. Answers on a postcard if anyone can decipher that word salad…
This glimpse into Labour’s economic thinking comes as Our An-deh Burnham privately told Labour MPs he is all too keen to bump international aid spending back up to 0.7 per cent of GDP – an eye-watering £13bn. Meanwhile, the UK borrowed another £1.8bn last month, taking the national debt to £2.985tn in July.
With ministers dreaming up new ways to spend and a PLP gagging for more, taxpayers should brace themselves for some extremely painful rises at the Budget in October. Labour may not understand how money is made, but it certainly knows how to make off with yours.
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