Is a Oz/CA style market economy so extreme?
Osborne's plan was to take spending as a proportion of GDP down from 43% (about the same as Germany), down to 37%, and that program was down to about 38.5% in late 2017 before the "end of austerity" was announced.
Oz/Ca are in the mid thirties, which is but a hop and jump away further on from Osbornes plan.
It would be a terrible shock to a continental social democracry, but really not much lower than the historic norms this country was used to before Brown's firehose welfare spending.
But I say this in reference to no-deal, when it would be flat out necessary.
The quid-pro-quo you're offered right now with May's deal is that we'll hover around 40% of GDP on the edges of euro-style social democrary...
Bookmarks