We’ve gone back to ‘boom and bust’ era

I lived through the Barber boom and bust (1972/73) which led to hyper-inflation, mass unemployment and Thatcher’s deregulation, which led, ultimately, to the crash of 2008, the Lawson boom and bust (1989), the fiasco of shadowing the Exchange Rate Mechanism (1993), Cameron/osborne austerity and Boris Johnson.

And now we are back to another version of Barber’s boom and bust by an Etonian hedge fund speculator. The Tories have clearly learnt nothing at all in 60 years and still chant the same old dogmas that have led to these problems.

A wise person tries to learn from their mistakes, but we are governed by a party displaying terminal stupidity.

A Davies by email