The Office for Budget Responsibility says the Chancellor’s front-loaded blast of extra day-to-day spending – 8pc over two years in real terms – will cause the economy to hit capacity constraints and overheat. The self-defeating stimulus will leak into higher inflation and higher interest rates.
There’s no point in doing the stimulus stuff if there’s no spare capacoity now, is there?
Massive injections of cash into the economy, to be spent on State employees will cause inflation. That is a certainty.
But with a lot of the private sector shutting up shop ( especially farmers ) there wont be much growth.
Forward to the Seventies !
Building 1.5 million homes is going to be challenging too for just those reasons. Clearly Reeves has never tried to get builders to quote on any work. If she tried she would soon realize that most of them have enough work backed up not to even bother quoting, and those that do will quote exorbitantly high and still not be able to start for six months, unless of course you opt to pay considerably more.
“ Forward to the Seventies !”
We had lunch with friends yesterday and I said I thought it was the most depressing buffet since the ‘70s, from both parties. No doubt beer and sandwiches will be replaced by Chardonnay and avocado.
My son’s response on Wednesday evening when I told him he was going to get a taste of what growing up in the 60and 70s was like was that at least we might get some decent music. He’s really pissed off because the village shop he turned round for the estate owner and then moved to bigger premises was going to break even in its first year, now he’s under water.
BiND
Decent music is a thing of the past. The Boomers did it all. Jaron Lanier is right: there has been no substantive stylistic change in popular music for 40 years, whereas for the rest of the 20th century, popular styles had changed fundamentally about every decade.
Why? Many reasons. electronics; the prioritisation of rhythm over melody; gross simplification; the prioritisation of sounds over notes; the replacement of complicated European melodies with Blues/R&B pentatonics. Oh, and utter corporatisation, and that you can no longer sell music. Bands now sell merch and concert tickets: the music itself is a marketing cost.
Back to the ’70s also requires the reopening of coal mines, steelworks and shipyards. Perhaps it’ll all be AI’d.
Maybe Labour think the IHT hit for farmers will lead to more of them selling off land to developers for the 1.5million houses to be built on, though more like some large vested interests posing as charities (Gates seems fond of farm land lately) told them to do it to decrease family ownership in their favour
there has been no substantive stylistic change in popular music for 40 years
Does make one wonder where you’ve been for 40 years. Reggaeton (although the Jamaican ‘dance hall’ it’s derived from might go back 40). Bangla along with all the other fusion styles. Indian, Arabic, Korean, Chinese, African, Russian
And depends what you mean by popular. There is no Top 20 Pops now. What there is, is marketed at the 8-14 y/o demographic. But a range of popular genres.
BiS: You think K-Crap is original?
BiS
Reggaeton ?
Wasnt Ronald Reggaeton President of the USA in the 80s ?
You think K-Crap is original?
No. But there is some interesting music coming out of Korea. Fusion of western music & their own. It’s happening all over the world. Poland has a strong reggae scene, in Polish, with a Polish musical slant. I quite like Russian house. Different flavour from London/Ibiza.