steve p
3.4K posts

steve p
@ZombieApoc99
maths teacher, man UTD fan, what could go wrong


The problem with casting a closer relationship with Europe as the solution to the world's current economic malaise is that it kind of misses the point. The key problem at present is a shortage of ENERGY. Europe has an energy deficit. Up until 2022 it filled that gap with gas from Russia. Now it fills that gap with gas (and oil) from the US and Middle East. It swapped one dependency for another. We can debate whether that dependency is inevitable, the extent to which it's a function of geology and/or political decisions taken years ago. Regardless, right now Europe is highly exposed to the problems in the Gulf. And without US energy imports it is in BIG trouble. A closer relationship between the UK and the EU does not solve this conundrum.







🚨 WATCH: Zack Polanski delivers the Greens' Party Political Broadcast




Local elections - cancelled Jury trials - scrapped Mayoral elections - cancelled Im sorry - but this is a dictatorship If an eastern country was scrapping elections and fair trials - they would be called a dictatorship This is what this is


BREAKING The OBR says it informed Rachel Reeves as far back as ***September 17*** that the downgrade in productivity forecasts was offset by 'increases in real wages and inflation'. The deficit was in fact just £2.5billion By October 31 that deficit had turned into net positive of £4.2billion. That basic forecast did not change from that point So from what the OBR is saying it looks like Rachel Reeves and the Treasury were briefing ahead of the Budget that there was a £20billion black hole in the public finances that didn't actually exist The £30billion worth of tax rises in the Budget are predominantly a consequence of her decisions to increase public spending, particularly on welfare, and have £21.7billion worth of headroom As @Peston @PippaCrerar @hzeffman have all pointed out, it makes the Budget build up - and the narrative that big tax rises were coming because of a deterioration in the public finances - look frankly surreal in hindsight



























