The Opposition parties failed to oppose
Judging Labour, Lib Dem and SNP by how good they have been in opposition reveals how they badly let the country down. Instead of opposing the three worst policy errors of the last four years, they supported them and wanted more of them .
The three biggest errors were putting us into too comprehensive and long a lockdown in response to COVID, backing the Bank of England policy of a big inflation followed by a technical recession, and wanting to close down fossil fuel power stations before we have enough renewable power we can rely on.
Worse still their failure to understand these errors means going forward they want to reinforce the right of the Bank of England to go on getting it hopelessly wrong. They want faster moves to close our gas power stations we rely on, and switch us to even more import dependence.
The Opposition failed to vote with those of us who said the state should take measures to protect the elderly and vulnerable over COVID but allow more people to go to work to keep things going. They failed to vote with us to end the measures earlier. This came with a big bill to subsidise people and business when they were banned from working.
The Opposition missed the obvious way Bank of England excessive money creation and bond buying in 2021 would be inflationary. They probably cheered in private when destroying money by cutting its bonds and hiking rates led to a technical recession the following year. Why do they like these wild lurches of policy with predictably bad outcomes?
Worst of all Opposition parties want to shut down many of our power stations without solving our shortage of grid, resolving how to store renewable electricity when it is abundant, or how to offset the coming big fall in nuclear power as stations close.
Source: http://johnredwoodsdiary.com/2024/06/12/the-opposition-parties-failed-to-oppose/
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