George Osborne is crowdsourcing ideas for his upcoming March budget. This is a wonderful idea, as the Chancellor needs all the help he can get.
— HM Treasury (@hmtreasury) January 22, 2016
Here’s five fresh ideas for Osborne, on the house:
1.) Study economics
The first step to doing a good job, is learning about the subject. It really helps to at least know the basics behind your career, especially one as important as Chancellor of the Exchequer. Unfortunately, Osborne’s 2:1 in Modern History isn’t really going to help him manage the fifth-largest national economy. His most recent relevant qualification, a GCSE in maths, does not set him apart from most 16-year-olds.
2.) Get relevant work experience
His work experience is not quite up to scratch either. Osborne may well have folded towels at Selfridges with the grace of a god, or entered data for the NHS with the up-most care, but running the Treasury involves a little more than nimble hands. These were the Chancellor’s only jobs before he became involved in developing Conservative party policy in 1994, prior to their least successful period in history.
3.) Listen to contemporary economists
Being open to the input of other present day economists might be useful in developing a comprehensive picture. Two-thirds of economists assert that the coalition’s austerity programme harmed the British economy. Even the conservative IMF are behind investment based growth. Yet, Osborne has abjectly ignored such widespread opinion, blundering ahead with his disgraced austerity experiment.
Despite the cause of economic problems likely being austerity itself, the solution for Osborne is always more austerity.
4.) Learn from history
It is clear Osborne’s Modern History degree did not touch on 20th-century economics. A look at public debt trends from the last century shows that austerity programmes only pile on more debt, while investment in public services, infrastructure and people reduces it. The principle that one must spend money to make money is understood wholeheartedly by the private-sector, who are very eager to purchase our railways, health service and secondary schools.
Apparently Osborne fails to understand basic investment.
5.) Actually listen to the public
Twitter had a lot of helpful advice for Osborne, too.
Some expressed concern about Osborne’s austerity disproportionately impacting the poor:
@hmtreasury Take less from the " have nots " and give less to the " haves ". Stop using the poor to try & balance the books
— SB78 (@Steve_Butler) January 22, 2016
Others were concerned with rampant tax avoidance. Meanwhile, Osborne hails the recent rip-off Google deal as “a major success”.
@hmtreasury How about REALLY, REALLY, REALLY, doing something to tighten up those tax avoidance loopholes for Boots, Vodaphone, Amazon etc?
— Lady Crank of Crankston#GTTO (@glynbmil) January 22, 2016
Many were concerned with the building of HS2:
@hmtreasury Don't add to the already vast National Debt by borrowing £50,000,000,000 to build the pointless HS2 vanity project.
— John Smith 🇬🇧 #StandUp4Brexit (@JohnRealSmith) January 22, 2016
One user had quite a radical suggestion:
@hmtreasury insert red box inside chancellor sideways
— (((Pete Thomas))) (@thomas2_p) January 22, 2016
Whenever David Cameron or Osborne don’t have an answer to a question, they ramp up the rhetoric and begin barking on about a ‘long-term economic plan’. If you feel like the phrase has been branded onto your brain with a hot iron, you know how many real answers these two chaps have.
On the contrary, leaving everything up to the so-called ‘free-market’ is not an economic plan, but a lack thereof. It is exactly the kind of laissiez faire policy that led us into the economic crash in the first place. Which isn’t surprising, seeing as the Chancellor backed every penny of New Labour’s spending prior to the crisis.
Crowdsourcing ideas is a brilliant move by the Chancellor, as he is scraping the bottom of a very shallow barrel when it comes to his relevant experience and qualifications. It is increasingly likely he is the most incompetent Chancellor in history.
Hopefully, he can learn a thing or two.
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Featured image via NationalHousingGroup/Twitter
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