Americans routinely convince themselves “Conservatism” exists in the U.K but really what Liberals and Conservatives argue about there isn’t the abolition of socialism, but much more or how much less they should have.
Via WSJ:
Prime Minister Boris Johnson is promising voters in Thursday’s U.K. election £100 billion ($128 billion) of investment in infrastructure and billions more for policing and health care.
His main rival, the Labour Party’s Jeremy Corbyn, is offering an even greater bounty, with hundreds of billions in spending and borrowing to remake Britain as a 21st-century state-run economy, complete with free broadband in every home.
With these pledges, the U.K. joins the ranks of advanced economies where politicians are signaling an end to years of constrained fiscal policy. Public spending is back in vogue, even among some parties on the right with a traditional zeal for balanced budgets and a mistrust of big government.
In the U.S., President Trump’s tax cuts and military spending pushed the federal budget deficit to $1 trillion in the 12 months through October. France and Spain are relaxing budget goals to pay for tax cuts and extra social benefits to soothe disaffected voters.