Magic Money Tree

The genuine problem with the today’s momentous announcements in the UK Parliament is that of political expediency. I don’t mean traditional political pragmatism but like a snake: the art of shedding one skin to replace it with another. Transformations are part of political life but total repudiation of statements, policies, and positions of only a couple of weeks ago are destabilising and lead to universal mistrust. Who are these Conservatives?

What I mean by this thought is the unsettling claim that some people have made that this is the first days of a true Conservative[1] government[2]. As if the entity that was elected at a General Election in 2019 was merely a dark cloak of convenience. As if the British Conservative Party General Election manifestos of 2019[3] was a prospectus that no one should ever have expected anyone to take seriously. As if the last decade of Conservative rule was merely a colourful sham.

Not so long ago, time and time again we were warned of that Magic Money Tree[4] was a dangerous myth. That the sirens of the opposition parties would entice the great British state onto the rocks. Financial doom would surely result if the public voted for social democrats, liberals, greens or socialist. The perils were exclusively caricaturised as attributed to “lefty” high spenders.

Magical thinking is now mainstream Conservative thinking. This smack of complete and utter hopelessness. The claim is that the new “Growth Plan” puts more money back into the pockets of businesses and families. It makes some attempt at putting some money back into the pockets of businesses but sets the cost against the ordinary taxpayer. Paying for borrowing will be an ever increasing burden.  New British Chancellor Kwasi Kwarteng is a gold rush gambler without the know-how, track record or skill of ever being a winning gambler.

The cynical political gamble is that increasing burden will not become disastrous until after the next General Election. The leader may have changed, but the same old desperation to cling to power, whatever the cost to the country continues in the Conservatives.

POST: Pound Sterling dives after British Chancellor Kwasi Kwarteng presented his budget to Parliament’s House of Commons on Friday.


[1] https://twitter.com/LordAshcroft/status/1573247615629758464?s=20&t=YGIIoj2ODXvpnLdMQHFE1Q

[2] https://www.managementtoday.co.uk/made-pile-lord-ashcroft-businessman-politician/article/940641

[3] https://www.conservatives.com/our-plan/conservative-party-manifesto-2019

[4] https://www.bbc.co.uk/news/uk-politics-44524605

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