But now, with its growing strikes, economic angst and desperate dance to mollify the gods of the capital markets, observing Britain is like watching flames lick beneath your neighbour’s door. The correct reaction is one of deep concern. They say they don’t need help. Surely, then, they know what to do to dampen the blaze. If they don’t, could it spread?
Also on Wednesday, UK prime minister Rishi Sunak announced a five-point plan that was three parts economic shtick. He said it would bring “peace of mind” to British people. It doesn’t take an expert to figure out that they simply are not themselves right now. Of Britain’s economic frailties and embedded inflation, he said: “I think people do accept that many of these challenges are, at least in part, the legacy of Covid and impacted by the war in Ukraine.”He forgot, of course, to mention the B-word. That’s Brexit, or maybe it is Boris. Or perhaps they’re somewhat the same thing.
Bank of England figures show foreign investors sold off UK government bonds at the fastest pace on record between September and November, a period during which Britain’s pensions sector flirted with disaster after the UK’s fiscal framework blew up. Yet over the next financial year, Britain will try to borrow £300 billion on international markets, its second highest amount ever.
You write this with your core revenue model (tech revenue transfer) under threat from global agreements on tax?
Britain doesn’t rely on the whims of US sugar daddies but has a more anchored economy. If Biden’s boys pulled out tomorrow, Ireland would mirror Albania. The media loves to spin Ireland’s success but it’s based nearly entirely on FDI. Fake narrative.
If the economic path of a trading partner of 30% is unclear by direct linkage that means Ireland's path is unclear
Suddenly! 😆🙄
Why..? The Irish Government just copy everything the UK does and then announce it as though they thought of it.
How is it we can’t think for ourselves we always look at England
Not hard though is it
Tell us about it. Love, Scotland.
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