Written by j.w.
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Topics: Economy, Parliament

Wednesday, 25 August 2010

image for Fiscal Falsehoods
Institute for Fiscal Studies in session

The Coalition Government is concerned that a biased so- called study by a group of dim witted economists, known as the Institute of Fiscal Studies could distract people from the birth of the Cameron's daughter.

The think tank declared that the Government Budget and austerity measures would hit the poorest hardest and would be regressive.

Government ministers were quick to destroy these ridiculous suggestions. Nick Clegg said:'It is only part of the story. Before the election the IFS were doing good work but now they have missed our important message. Our measures are fair in the wider sense of the Big Society. You have to accept that the poor will always be with us. But we can be too feeble about this matter. The fact is they should get off their arses and get a job, earn some money and stop moaning.'

Meanwhile I ventured to get the Labour Party view. I got no reply from their HQ until someone opened a window and shouted: 'Go and speak to our Leader'.

'But you haven't got one' I pleaded.

'Then wait until we do and sod off.'

I went to see the solicitors Miliband and Miliband but they were too busy shouting at each other to shout at me.

So I asked an economic expert to clarify the issues. 'Although you have to regress to progress' he told me 'the partial nature of the fiscal examination leaves a big question mark. I am not sure how to read this.'

So, now we know. A big question mark hangs over us.

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The story above is a satire or parody. It is entirely fictitious.

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