Whitewavemark2
I’m not convinced that the various mitigation that the Treasury has put in place can be classed as either right or left wing.
I think a form of Keynesian economics is being used to provide a platform from which the economy can be supported or grown.
This would be used by a politician of any colour.
It is what happens once this all calms down (if ever) that matters. That is whether austerity is reintroduced along with tax breaks etc. Then it becomes a political choice.
What Sunak is doing isn't really Keynesian economics. It's a kneejerk reaction to prevent the UK descending into chaos with millions of unemployed and homeless.
As an issuer of sovereign currency, the UK was lucky it could produce the money. It has shown up some of the fallacies of the "economy as a household budget" myth, although that still persists in some quarters and people are already going on about how we will pay the money back.
Keynesian economics is about a whole package of measures, including training and job creation, which are lacking from the government's planning. There was a coherent plan.
The next few weeks will be critical, as furlough schemes come to an end and evictions start. I fear that millions of people, who have never claimed any kind of state help before, are going to be affected.