Mentions
What was said, and which frame it usedEvery item the dashboard counts, newest first. The marked words are the phrases that made it count; the tags say whether it used an opposing frame, an MMT-consistent idea, or named MMT. These are keyword matches: whether an item endorses or attacks an idea is shown once our classifier's accuracy is published.
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Public Borrowing for Defence
My Lords, the real reason that we are struggling to fund our defence commitments is that, having loaded £3 trillion of debt on to the nation’s credit card, we are now left with a monthly interest bill running at £11 billion. That is equivalent to double our spending on defence. The Chancellor is telling us that fiscal discipline is his top priority, so does the Minister agree that the bond markets will take a very dim view if we resort to yet more borrowing to fund defence?
- Opposing frame: How will you pay for it?
- Opposing frame: Maxed-out credit card
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Fiscal Outlook
…Labour decisions have weakened growth, dug us deeper into the debt hole and increased our fiscal vulnerability. What is needed is a plan to control spending and strengthen the underlying budget so we live within our means, bear down on inflation and the cost of our debt, and, above all, get the economy growing faster. But the Government’s actions have produced the reverse of all that. Let us look at spending. I was intrigued to hear the Chancellor say on Monday: “Staying true to our values means being honest about the need to control government spending”. For a moment, I thought I was listen…
- Opposing frame: Household budget
- Opposing frame: Maxed-out credit card
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Fiscal Outlook
…London down the road, they are looking at nearly £3 trillion of our national debt, our rising debt interest and our shrinking fiscal buffer, and asking whether we as a nation have a credible plan to live within our means. Here, down the Corridor in the other place, in the City of Westminster, are 403 Labour MPs, many demanding that the Government spend more, tax more, borrow more or, at the very least, do not spend less. Many of those MPs understandably argue that: indeed, it is what brought them into politics. Plaudits to them; they are standing up for their convictions and beliefs. They b…
- Opposing frame: Household budget
- Opposing frame: Maxed-out credit card