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porca misèria

Labour Manifesto Commits To Hpi

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Did anyone notice the big commitment to HPI in today's manifesto news?

They didn't call it that, of course. But the big headline was a commitment to reduce the deficit (as a proportion of GDP) each year, and stop the growth of the national debt (as a proportion of GDP). The way to do that must be to grow GDP. We all know the Blair/Brown/Osborne/Balls formula for that: the gap is far too big to close by growing the productive economy without serious austerity measures, so it's HPI all the way.

I have no doubt we'll get a similar commitment from the Tories.

Edited by porca misèria

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