Alex Brummer
7.7K posts

Alex Brummer
@albrummer
City Editor Daily Mail, former Assistant Editor the Guardian and author of 'Great British Reboot' published by Yale
London W8 Katılım Mayıs 2012
328 Takip Edilen7K Takipçiler
Alex Brummer retweetledi
Alex Brummer retweetledi
Alex Brummer retweetledi

International creditors are alarmed that of the £132bn Labour borrowed during the fiscal year to March, a jaw-dropping £110bn went on debt interest payments – almost the same as state education spending, twice what we spend on defence.
Yes, the Tories left national debt north of 90pc of GDP. But this economically naive government has made a bad situation far worse. Now, with Labour lurching further left after getting hammered in recent local elections, the markets are calling time.
It’s clear Keir Starmer will soon be replaced by someone even more leftwing. All leadership rivals in the frame would crank up borrowing and spending even more than Labour already has since taking office in July 2024.
Back then, the Office for Budget Responsibility was forecasting state borrowing of £323bn by the end of the fiscal year 2029. Labour’s run-away spending and growth-crushing tax rises means that same five-year borrowing forecast is now £583bn – 80pc higher. But the trade unions, MPs and Labour activists who will choose Starmer’s successor want even more.
Since Labour took office, the UK’s 10-year gilt yield has risen by 1.16 percentage points (or 116 basis points), compared to 86bps in France, 79bps in Germany and just 17bps in Italy.
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Make no mistake we're staring at worst financial crisis in 50 years
newspaper.mailplus.co.uk/data/7794/read…
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Labour betrays our firms
newspaper.mailplus.co.uk/data/7790/read…
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Whoever’s in charge, Labour is hell-bent on doubling down on every wealth destroying mistake in the Socialist playbook
newspaper.mailplus.co.uk/data/7781/read…
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Curse of High Street buyouts
newspaper.mailplus.co.uk/data/7757/read…
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Why the men and women who REALLY run our economy will be watching what happens today with trepidation
newspaper.mailplus.co.uk/data/7757/read…
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What the Governor of the Bank of England has just told me about what’s REALLY terrifying the world’s economic leaders — and it’s not the Iran war
newspaper.mailplus.co.uk/data/7686/read…
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Democracy flame to burn at BP
newspaper.mailplus.co.uk/data/7686/read…
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