English fiscal policy has gone nuts.
The government came in complaining about some amount of money they claimed was unfunded, making sure to mention a "22 BILLION POUND BLACK HOLE" every single PMQs, then proceeded to double the unfunded amount to 50 billion.
The Bank of England has lowered the interest rate too soon, before all of the other national and regional banks, and as a result inflation has consistently risen each time they've done it.
The government is likely to increase taxes that will push prices further up and scare away more millionaires, and they probably keep putting pressure on the Bank of England to keep lowering interest rates.
The end result is going to be brain drain, loss of investment in UK companies, yet higher prices, it'll be harder to save, people still won't be able to afford houses, and currency devaluation at the same time that there's fewer businesses and employees with which to increase exports at a time currency is low.
Labour is pure cancer for the country. Their only saving grace is that they'll end up getting Nigel Farage in as Prime Minister.
Smeetoo
in reply to Zonz • • •