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World

Why a Labour super-majority is unlikely

21 April 2024

4:00 PM

21 April 2024

4:00 PM

In economic, there is a phenomenon known as ‘automatic stabilisers’, which kick in at the onset of a recession. Without politicians having to do anything, state spending on out-of-work benefits increases while the amount of money taken off private citizens in taxes decreases, thereby preventing the economy from going into freefall.

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