So what does any self-respecting Chancellor of ‘the third richest country in the world’ (believe that and you’ll believe anything!) do if, after 20 years of public austerity and feckless government spending on two grandiose new rail infrastructure projects which are already way behind schedule and way above budget, and his country has a £1.78 trillion national debt? Why the answer’s simple - borrow some more. No-brainer, innit!
“Rishi Sunak will unleash the largest rise in public borrowing in 30 years when he delivers his first Budget on Wednesday, signalling a decisive end to austerity as he pours money into long-
term investments.”
https://www.ft.com/content/c1b26624-62f3-11ea-a6cd-df28cc3c6a68