If Burnham won’t make cuts, the IMF will do it for him
From our UK edition
Even the weather has been playing along with the bizarre 1976 tribute act in which we seem to be trapped. We have had a mid-term change of Labour Prime Minister, a Chancellor called Healey, a government presiding over low growth and lingering inflation. We are back to punitive levels of taxation. Wealthy individuals, like hedge fund billionaire Chris Rokos this week, are fleeing. The unions are flexing their muscles, and on top of that we have had a prolonged heatwave and drought which, just as 50 years ago, burst with downpours over the August bank holiday weekend. Wealthy individuals, like hedge fund billionaire Chris Rokos this week, are fleeing Older readers may recall what came next.