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But that is the natural endpoint of austerity right there: punishing people for circumstances completely beyond their control. And Sunak is now promising to introduce what he calls the next generation of welfare reforms, including yet more cuts, justifying it by saying, “I worry very much about benefits becoming a lifestyle choice.” Which is a rich fucking statement from a rich fucking man who’d probably go into anaphylactic shock if he ever had to fly coach.

While the changes that are necessary are actually simple, they're painful, and require courage and sacrifice. Living standards will decline in real terms. Citizens will have to save more and consume less. Working lives with lengthen. For many, retirement will be revert to being a luxury. Taxes and charges for government services will rise to match the cost of providing them. There has to be greater emphasis on the real economy - the creation and sale of goods and services. Financial institutions need to return to their actual role of supporting economic activity.

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People have to really suffer before they can risk doing what they love.

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