Wednesday 25 November 2020

Coronavirus diary, Wednesday 25 November




After the save Christmas plan and the vaccine boost it’s money talk today.

Chancellor Rishi Sunak, who has already splashed out over £100bn of our money, is somehow going to find billions more to try to give the economy a soft landing, years ahead.

Today’s autumn review was intended to be a three year plan but, because of the continuing uncertainty, it will for one year.

As usual, there have been leaks, forecasts and criticism.

A hint of a one year pay freeze for public sector workers has met with a howl of disgust from unions accusing the government of betraying the low paid front line health workers we were clapping a few months ago. 

The scale of  the country’s debt is frightening.

Instead of the expected £55bn expenditure this year we will run up a bill of £272bn.

A spate of stories has revealed that many billions of recent expenditure has been wasted by delay in ordering, ‘contracts for cronies’ and straight forward incompetence.

The day of reckoning is coming for those responsible. In the meantime the chancellor is still digging into his seemingly bottomless pocket.

A day of reckoning coming for that, too, but not yet.

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