69
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 26 Jun 2024
69 points (100.0% liked)
UK Politics
3087 readers
235 users here now
General Discussion for politics in the UK.
Please don't post to both !uk_politics@feddit.uk and !unitedkingdom@feddit.uk .
Pick the most appropriate, and put it there.
Posts should be related to UK-centric politics, and should be either a link to a reputable news source for news, or a text post on this community.
Opinion pieces are also allowed, provided they are not misleading/misrepresented/drivel, and have proper sources.
If you think "reputable news source" needs some definition, by all means start a meta thread. (These things should be publicly discussed)
Posts should be manually submitted, not by bot. Link titles should not be editorialised.
Disappointing comments will generally be left to fester in ratio, outright horrible comments will be removed.
Message the mods if you feel something really should be removed, or if a user seems to have a pattern of awful comments.
!ukpolitics@lemm.ee appears to have vanished! We can still see cached content from this link, but goodbye I guess! :'(
founded 1 year ago
MODERATORS
Nothing to do with austerity, Brexit, or Liz Truss...
The inflationary pressures of recent years are a direct result of the massive spending and borrowing the government did during COVID. Yes, Truss too, but the majority is from COVID.
Austerity has eviscerated public services and local authorities. It's the reason homelessness, food banks, NHS waiting lists and child poverty have all sky rocketed since 2010.
I think more Brexit than Truss, COVID and Russian's war. Two of those are British specific and done to us by Conservative governments. It's their fault.
Lemmy is obviously very triggered by what you're saying, presumably because speaking against lockdowns and furlough is very controversial. But you are largely correct.
COVID cost the UK in the ball park of £360 billion, some estimates go as high as £410 billion, most of that was printed money. You can't inject that much in to the economy all at a time where there is comparatively very little productivity and then not expect significantly higher levels of inflation, it's economics 101.
About half the sum in the headline, maybe a little more, can be directly attributed to how we dealt with COVID.