Mike's Minute: The Government are digging a deeper financial hole
As schools return, let’s begin the term with a little Economics 101.
When you artificially inject yourself into an economy with the view to helping people out financially, what do you do?
Do you:
- Give the help to everyone no matter whether they need it or not?
- Give it those who need it most?
- When do you stop, and under what circumstances?
- Was any of this explained in a way at the start that would allow you to enter the programme and exit it, in a way as to avoid fiscal and political fallout?
- If not, why not?
So, we got the extension of the petrol subsidy last Sunday.
We got it last…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.