I did a free subscription to see what the message was. Nothing really, but condemnation of where we’ve ended up, didn’t do Brexit right and the Treasury are crap.
The Telegraph helped them dig the hole, now want to bury them. Strange stuff. Perhaps scene setting for, Johnson wasn’t given enough time to fix it.
Extract.
There is no accounting for political ambition - or the self-belief of those who embody it - but who would want to be Chancellor now, or even Prime Minister?
On multiple fronts, Britain isn't working,
the outbreak of strike action across large chunks of the economy being only the latest manifestation of the paralysis that grips the nation.
The health service appears close to collapse. Driving licences and passports are taking weeks or even months to obtain, unless you are prepared corruptly to pay to skip the queue. It takes nearly six months even to get a driving test in some areas, both violent and petty crime is rising, nobody seems to want a proper job anymore, and the public transport system repeatedly grinds to a strike induced halt.
What is more, the terms of trade have turned violently against the UK, with steeply rising energy and food prices prompting a broadly based squeeze on incomes. Households are being offered some mitigating support but there is no such cushion for most firms, which are being forced to push up prices to compensate.
Economists warn of the dangers of inflation becoming entrenched via rising expectations and a self-defeating wage/price spiral.
Sorry to say it, but both phenomena are already happening. Restoring price stability is now almost inevitably going to be a long and painful process.
The bottom line is that Britain just got a whole lot poorer, but nobody in Government is yet prepared to admit as much. That the truth cannot be acknowledged should come as no surprise.
The Conservative Party has been in power for more than 12 years now, but all we've got to show for it is a slow growth, low productivity, low wage economy that seems to be almost uniquely vulnerable to the array of external shocks now bombarding it.
After 12 years of Conservative government, all the UK has to offer is slow growth and low productivity
www.telegraph.co.uk