It's going to be back to the status quo, sounds like. More-or-less, anyway.
The Paul Ryan magic multiplier, whereby growth is created out of thin air by slashing taxes, is to be withdrawn. Back to paying our bills after a month of madness. The sums not only didn't add up. They were concealed from view.
I appreciate the long run ambition of being a low tax offshore economy, like a big version of Singapore. It's a reasonable ambition (although not the only one). But getting from A to B is what's hard. You want stepping stones. Not an attempted standing leap across a broad stream.
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