The Rest Is Politics: Leading 18: George Osborne: Austerity, Boris Johnson, and the UK's next Prime Minister
27 snips
May 15, 2023 AI Snips
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Single Market Exit Hurt UK Competitiveness
- Leaving the single market and customs union damaged Britain's economic performance and global influence.
- Osborne sees rejoining an equivalent arrangement as a major lever for future governments.
Protect Fiscal Institutions From Political Swing
- Strengthen independent fiscal institutions to prevent reckless short-term politics from destabilising markets.
- Make the OBR more independent and give it statutory powers like the Bank of England.
Reform Matters More Than Just Spending
- Osborne argues public service failings are blamed on spending levels rather than institutional reform.
- He says reforms, not just more money, drove improvements in education and crime under Cameron's government.