E.g. federally, big changes were relaxation of immigration, govt support for lower income earners and cannabis legalization. Provincially (Ontario) govt services like schools and healthcare are being starved, and privatization of previously public services is on the agenda.
Perhaps the water is being boiled slower than I can feel :)
So far the government has announced income tax and NI reduction for everyone, removal of the 45% income tax rate, and cancellation of a plan corporation tax increase.
Only the removal of the 45% income tax rate is targeted at the rich and I suspect that this might be the cheapest of the 3 measures, but indeed symbolically it does not look that good.
Any reduction in government income is funded by borrowing for a budget that is not in surplus, which seems to be the default state of things these days.
And what's stupid about government reducing income and borrowing in a downturn?
Government finances are not like your household's, reducing spending is exactly the opposite thing the government should do in a recession.
Spending is the appropriate response when faced with a demand driven recession. This is a supply driven recession and reducing govt demand may not be a bad idea.
Reducing revenue is also one of those things that conventional wisdom says a government "should do" during a recession, so I'm asking why it was stupid.
Already there are some calls from within the Conservative party to remove Truss and she has only been in the job for a matter of weeks.
All this time wages and services have suffered, because the political class is obsessed with ideology over the boring work of governance. I realise this is not a unique phenomenon around the world, but what seems to set apart the political class in the UK is the heady mix of egoism and delusion, that blinds them to their own incompetence until they are removed and someone else is instated.