Simplistic linear thinking by Rachel from Accounts and the Treasury spawned this Budget from hell, says David Craig. A systems thinker would have known it would send the economy into a doom loop of recession and decline.
Britain is on the brink of a recession after official figures were revised to show zero growth in the third quarter of the year and living standards fell, with Rachel Reeves's horror Budget blamed.
Rachel from Accounts strikes again! Businesses are cutting jobs at the fastest pace in four years following Labour's record tax-raising Budget, as (actual) economists warn of the rising risk of recession.
According to newly-published figures, inflation-adjusted living standards in Britain have fallen for five out of the last six quarters. Britons today are worse off than they were in the last quarter of 2017.
Rising energy costs linked to Germany's green policies are fuelling economic decline and public discontent, boosting the appeal of opposition parties against the Government's green agenda.
Britain is facing its longest recession since records began. The root cause is liberal technocratic hubris – the belief that there are straightforward "solutions" to pandemics, climate change and interstate conflict.
The US has said it will force Russia into 'default', but this is more like a confiscation of investors' assets than a true default and will backfire as investors in China and elsewhere will not be affected.
Luke Johnson has written a terrific comment piece for the Mail lambasting the unwillingness of civil servants to come into work just as all hands are needed at the pump to deal with the coming recession.
Sri Lanka's central bank said on Tuesday it had become "challenging and impossible" to repay external debt, blaming the "effects of the COVID-19 pandemic" for the drastic move.
Britain has today followed the U.S. and banned Russian oil imports as drivers started queuing for fuel after being hit by the steepest weekly hike in fuel prices in more than 18 years.
