THE Office for Budget Responsibility turned on the Labour government months ago, despite years of partisanship against Conservative administrations (and particularly Brexiteers). So, no surprise that the OBR’s latest missive is critical.
Keir Starmer is worried about who’s coming into the country. This week, he launched a white paper with the aim of cutting migration. Britain risks becoming an ‘island of strangers’, he said. However, it’s not just arrivals that should give him sleepless nights. It’s the number of people in the departures lounge too.
LAST November the National Energy System Operator (NESO) published a report, ‘Clean Power 2030’, which examined how Labour’s plan to decarbonise the power sector by 2030 could be achieved.
Although Energy Secretary Ed Miliband crowed that the report proved his plan was feasible, the opposite was the case.
THE TOTAL DESTRUCTION of Great Britain is well under way and proving a highly successful venture, thanks to one man and one man alone: Ed Miliband.
THE UK’s relative and material economic decline can be pinpointed almost exactly to the onset of the Global Financial Crisis (GFC) starting in 2008.
As we come to the end of an era in which money was practically free, the big question is what the fallout will be from rising interest rates. It isn’t difficult to spot possible problems.
Dana Peterson, the chief economist at the Conference Board, sees a clear conclusion in the sharp decline of the U.S. business group’s Leading Economic Index: If recession isn’t already taking hold in the United States, then it will soon.
The National Audit Office estimates that the UK government spent £376billion on its Covid-19 pandemic response measures. This figure is almost certainly an understatement as, for instance, large losses are still racking up on government-backed ‘Bounce Back Loans’. More recent analysis suggests that £500billion is a more accurate figure.
Everyone needs a scapegoat in an economic crisis, and much of the world has settled on blaming British Prime Minister Liz Truss’s economic plans. The International Monetary Fund and the Biden Administration have piled on, which conveniently deflects from their failed policies that produced inflation and slow growth.
The US central bank has announced its biggest rate hike in nearly 30 years as it ramps up its battle to bring soaring consumer prices under control.
It lifted the rate the Federal Reserve charges banks to borrow by three quarters of a percentage point.
The consequences will be felt in nearly every corner of the economy – in the US and abroad.
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