The Magic Money Tree And Other Fairy Stories

Guy Debord's Cat

To hear the Tories, you’d be forgiven for thinking that they know what they’re talking about on all matters relating to the national finances. According to the media and the Tories themselves, they can be “trusted on the economy” (sic). After all, according to the political and economic pundits, they’re not the ones who “crashed the economy” or propose “tax and spend” policies are they?  In fact, to hear them talk you’d think they never taxed anyone nor spent any money. But it’s all just a fairy story,  just like the ‘magic money tree’ that only the Labour Party has access to.

The phrase ‘magic money tree’ seems to have made an appearance in the last 10 to 15 years, and it’s used by Tories and ‘researchers’ from right-wing think-tanks to denigrate the economic ideas and policies of opposition parties – especially the Labour Party.  Its use by these groups is…

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