Kwasi Kwarteng has announced a new economic plan for the UK. Those on the right rejoice in the first 'Conservative' budget for a decade and more; the left insist that its handouts for the rich at the expense of the poorest in society.
It seems to me that this is nothing more than the old fish and rod debate. The Labour and Lib Dem policy is to give the needy a fish so that they eat today. This can be construed as a handout without onward investment. This money will be effectively lost. The Tories give the needy a rod each so that they can feed their families everyday. The rod represents the investment that the wealthy and commercial make to ensure that everyone eats tomorrow.
