Very well known Exeweb poster
- Aug 23, 2004
As I tried to explain to art the other day, part of the issue here (maybe the main part) is how these tax cuts stack up against the huge cost of the energy freeze. This winter (6 months) is costing £60bn and the government has committed to the freeze for two years. If the cost of energy comes down and inflation does likewise then the lower level of borrowing might very well save Mad Lizzie’s sorry ar$e.