pam on Nostr: "In the meantime the economy will benefit from a much-needed period of stability. ...
"In the meantime the economy will benefit from a much-needed period of stability. Business investment was depressed during the period when there was uncertainty over whether the UK would leave the EU or not. It suffered another hit during the pandemic, and a third after Russia’s invasion of Ukraine. A chaotic period in which the UK had three prime ministers and five chancellors in a single parliament is now over"
Interesting read on the labour party's win and Rishi Sunak out. Also was catching up with a friend in the UK on how her mortgage interest rates has doubled the amount, many are selling their homes as they can't afford it, and although inflation marker is low, the daily goods are 2x the amount. And then the surge in electricity bill. She has been fortunate to afford it but the financial challenges faced by the people in Britain during this period is rather immense.
Larry Elliott (Guardian) offers a cut-out & keep 'sliding doors' choice of two election in 2029 - one where Labor has produced a positive & improving economic situation.... and one where they haven't.
In his telling its finally balanced.... so in five years time we might look back & wonder if he was right, or some third (or fourth) scenario has actually played out.
#politics #election2029
https://www.theguardian.com/business/article/2024/jul/07/uk-economy-two-possible-endings
Published at
2024-07-08 08:21:38Event JSON
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