The Conservative government looks as if it will soon implode as a result of Chancellor George Osborne’s latest EU referendum-related threat.
In spite of winning the last general election on a “no income tax increases” ticket, he has said that he will have to slash public spending and increase taxes in an emergency Budget to tackle a £30bn “black hole” if the UK votes to leave the European Union.
He added that this could have the effect of raising income and inheritance taxes and cutting the NHS budget.
Unfortunately for him, so far 57 Tory MPs have said his position would be “untenable” if he tries to cut NHS, police and school spending.
That would mean that his post-Brexit Budget would be voted down and hopefully he would finally be free to pursue a career away from Westminster.
He and Cameron have created an economic as well as a political mess.
They are truly the Laurel and Hardy of UK politics.
p.s. Today, Chancellor Gideon has probably added another 100,000 to the Brexit vote!!