"Any woman who understands the problems of running a home will be nearer to understanding the problems of running a country." - Margaret Thatcher
Rachel Reeves explains how to run your household budget in today's Sun.
It feels like every chancellor and prime minister in living memory has presented some version of this completely inaccurate and misleading comparison between balancing a household budget and running a national economy, and its never met with the derision it deserves by the media. On the contrary it is presented as sound, logical and relatable, despite being demonstratably wrong.
As Avery Edison said on Twitter, "even pretending to believe these are relevant experiences should actually be disqualifying."
Anyone in government who refers to the "national credit card" being "maxed out" should, by law, either have to resign or take a compulsory economics course.
I've been thinking about doing a sequel to the Mini Daily Mail for a while and I think this might be the start of it. I already have the front page ready to go.
"If you have maxed out your credit card, if you put off dealing with the problem, the problem gets worse.” - David Cameron
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