This is my latest election-related video.
The transcript is:
In this election, every politician is talking about their estimates of what's going to happen in the economy as if their estimate is true.
It isn't. Every single one of the numbers presented by every single one of our political parties is wrong. I can tell you that for sure.
I've been an accountant for over 40 years. I prepared a great many budgets. And I'll tell you, every single one of them was wrong as well.
That wasn't because I didn't do my best. I did. So might these politicians. But the fact is, of course, if you're looking at the future, you've got to make guesses and estimates. And the fact is, some of those might turn out to be false, through no fault of your own.
And that's true of these politicians. If they were more honest about their estimates, we might be more willing to believe them. It really is time that they were.
Thanks for reading this post.
You can share this post on social media of your choice by clicking these icons:
You can subscribe to this blog's daily email here.
And if you would like to support this blog you can, here:
To err is human, to be a politician is to assume the mantle of Zeus. A politico has to be infallible, because to be otherwise would give ammo to political opponents. This is the case in the Punch and Judy show that is Uk politics. I doubt the politicos even believe what they generate – numbers or narratives – it is simply fodder for the media to feed to the proles, synthetic differences between the two parties amplified by the media, Tressel-land.
Off topic, but the latest Pie is out….
https://youtu.be/LwIa70EDZjE?si=gn6EsGZhdf827J_5
A fabulous demolition of Farage!
Thanks
I agree – ref demolition but are people listening? As noted, he is a grifter (like Trump), odious (like Trump ) etc but can people see this?
Overall a fine analysis of the pickle the UK is in (with LINO doing the “steady as she goes” routine which did for Camoron and Osbourne.
A budget is a model, an estimate not a prediction. As someone said (dunno/ forgot who) “All models are wrong, some are useful.” Until the general public are happy with uncertainty, inbuilt error, confidence levels etc, (never unless there’s a radical change in education and media coverage) politicians will trade on “certainty” and simplicity. We’re stuffed.