October 28 2020
Riding on the momentum to move backwards
In confirming recently that UK Chancellor Rishi Sunak's Autumn Budget had been cancelled, his office issued a statement saying: "…now is not the right time to outline long-term plans - people want to see us focused on the here and now". Locally, Deputy Prime Minister Heng Swee Keat similarly sent a clear signal to anyone who might still be harbouring misguided hopes of expansive fiscal measures, by emphasising in his Facebook post on Oct 3, 2020 that "…there will not be a new round of support measures".