What promised a refreshing start for Britain has since ended in disaster. Truss campaigned to revitalise our stagnant economy, ripping back regulations, and transform Britain from a high-tax, low-wage economy to one of low taxes and prosperity. The markets rejected a wholly un-conservative budget from Kwasi Kwarteng, leaving a collapsing pound and forcing the BankContinue reading “Failure of Trussonomics”
Tag Archives: sunak
Tories and Taxes: Leadership Election
Amidst the Conservative leadership contest are a plethora of tax proposals. Ranging from a continuation of the fiscal conservatism in reigning in borrowing, to tax cuts amounting to over £30 billion. At a time of economic ruin with inflation reaching record highs and economic growth stagnating, a credible economic platform is required to battle theseContinue reading “Tories and Taxes: Leadership Election”
Resolving the inflation crisis: Return to the 1980s
Spiraling inflation, climbing oil prices. Phenomenons are familiar to those who lived through the terrible 1970s. In the following five decades, the UK became one of the biggest debtor nations. Across the Atlantic, a similar fate for the US, from the largest creditor to the largest debtor nation. The inflation calamity of 2022 is farContinue reading “Resolving the inflation crisis: Return to the 1980s”
Risky Rishi: Cost of living crisis
Political gambles by Sunak have reached new highs with his action, or rather inaction, in helping households survive the cost of living crisis. Perpetuated largely by Central Banks, the inflationary crisis has plunged millions into poverty. Absolute poverty is set to rise – a first in decades, the largest fall in living standards since theContinue reading “Risky Rishi: Cost of living crisis”
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