In a remarkable turnaround the Labour Party has stated its opposition to a program of national economic fiscal stimulation through a programme of housing repairs for Old Age Pensioners. Despite the jobs that will be created, the multiplier effects of such works, they’re muttering about it being difficult to find the money:
The Queen has been dragged into a funding row as UK opposition parties warned that they could vote against a £369 million refurbishment of Buckingham Palace.
The royal household has insisted that the work is essential to avoid a catastrophic failure, but the bill is more than twice the estimates.
British Prime Minister Theresa May and Philip Hammond, the chancellor, have approved £369 million ($A620m) of taxpayers’ money for the ten-year refit, which must be agreed by a House of Commons vote before April.
Labour and the Scottish National Party have refused to commit to supporting the funds when public sector services are facing cuts and pay freezes.
Jeremy Corbyn, Labour’s leader, an avowed republican, was said to be considering the party’s position as his frontbenchers lined up to criticise the repair works.
“Ultimately it has to be weighed up against what is happening in the economy,” Andrew Gwynne, a shadow cabinet office minister, said. “Clearly on one level we have to upgrade our national heritage. But when people are struggling they will want to know how the government can find the money to refurbish Buckingham Palace. We have austerity for the many but there appears to be money for other things. The government has got to get its priorities in order.”
The nation’s leading economist and tax expert, the Sage of Ely, condemned this opposition in the strongest terms.
“McDonnell and Corbyn have to get a grip on economic reality here. The State employing people, employing people to do anything, does not cost money because all the money is paid back in tax.”
“And, if I support Brenda here maybe I’ll still get ermine.”