A very important & must-read🧵. @LiamHalligan's analysis and foreboding is depressing but pretty accurate, in my view. The actions of the current government have been increasingly reminding me of Callaghan in the 1970s.

It's not partisan to say that borrowing more when debt is already through the roof is daft, to say the least. Rather irresponsible behaviour by theose only recently described as "the adults back in the room". 

Liam is another on the still-very-short list of people who said at the time that it wasn't the Truss budget that "crashed the economy".