Wooo! A spectre is horny British politics, the spectre of a £50b fiscal black hole.

Was it £40billion or £60billion? That's kind of part of the problem, it keeps changing.

I'll go into that, it's kind of crucial to the whole story. But here we go again.

Another cynical and shameless attempt by the conservatives to lay the foundations for yet another round of slashing burn cuts.

Now, after the economic calamity, which was unleashed, I don't know if you remember this part, by the Conservative Prime Minister, Liz Truss, who heads a Conservative government,

itself a shameless attempt to redistribute wealth into the bank accounts, often of short bank accounts, of those who already have far too much.

Now, after all of that, the Tories spot from a crisis they caused an opportunity to drive their opponents onto the defensive.

Now, if you make the need for cuts, the central plank of British politics, that will always benefit the partisan interests of the Conservatives,

because rolling back the frontiers of the state for ideological reasons is what gets them up in the morning.

Now, remember what they did with the financial crash? They took a crisis, which, very important that we remember what happened here,

was caused by the bankers, caused by free market ideology, ultra free market dogma for that matter.

Now, they knew that that would put them on the defensive, because that's, you know, championing the bankers,

championing markets, championing the private sector, doing what the hell it likes, that's an Atari DNA.

So, despite the fact they backed labor spending pound for pound until the crash itself happened, they rewrote history,

and they transformed how the public understood the crisis from a crisis of the private sector into a crisis of the public sector.

In their new narrative, labor had spent too much money on schools and hospitals, and now to pick up the pieces,

they had to do slash and burn cuts, or all mayhem would then be unleashed.

Now, they made all sorts of illiterate economic metaphors, that nonetheless chimed with people's common sense,

the idea of comparing a nation's budget to a household budget, or saying that labor had maxed out the credit card, for example.

Now, ludicrous, I don't know if you've noticed, if you have a garden, many of us don't.

If you look outside your family home, there isn't a central bank printing money.

Now, obviously, we had mass quantitative easing in this country throughout the aftermath of the financial crash,

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