Let's not beat around the bush. Government finances – and the Treasury projections – are much worse than the media would have you believe. The “cuts” merely slowed, slightly, the increases in spending (and debt) because much of the savings were reallocated to increased spending elsewhere.
Following on from the hundreds of budget and Government debt-related questions we receive from supporters, we are holding a webinar members where our in-house economist Ray Deacon will dig into the detail and explain how it all works.
Ray will cut through the usual spin and illustrate how governments conjure up a fiscal surplus in any particular year and what to look for to establish the credibility of any (forecast) surplus.
RSVP below and we will send you out a Zoom link before tonight's webinar.