UK heading for trouble

Growth has stagnated in the UK as bank base rate falls and bond yields rise:

The world’s biggest bank is shunning British debt amid fears that Rachel Reeves has stoked inflation with record increases in the minimum wage and a £40bn tax raid…

https://www.telegraph.co.uk/business/2024/12/27/jp-morgan-shuns-uk-bonds-over-fears-minimum-wage-jump/

The UK’s PM has asked regulators for ideas on growth:

PM demands ‘concrete proposals’ on growth from regulators

I never knew that you could regulate your way to growth :slight_smile:

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The default solution here is “deregulation”. Let companies pollute as much as they want. Let companies not pay their employees. You get the idea.

Steve

Of course you can! Print money like there is no tomorrow and spread the wealth from helicopters or drones.

What comes after the “Last Resort?” Bankruptcy.

The Captain

The land of Newton has the right ingredients. They have the Universities and Law and Order.

Unfortunately, the population is too reliant on the government to help and it cannot. NHS strikes are a manifestation of this.

Government needs to adopt policies that are pro-innovation, encourage risk taking, lower taxes and slash regulations.

Deepmind is a good success story. They need to build on top of it.

Even if that would work are the regulators going to deregulate anything? They even asked government departments (civil servants) for ideas. Perhaps they should ask a few successful business people:

If I was in a position to invest a large sum of money, it wouldn’t be in the UK

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Here in the US, a lot of laws and regs are written by corporate lobbyists, who are put in charge of administrative departments. With the electee promising to toss a lot of civil servants, and replace them with political hacks, I would expect future administrative department regs to be much more “pro-growth”, like getting rid of environmental, employee, and customer, protections.

Steve

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Brexit will do that. {{ LOL }}

intercst

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You have to laugh that some would be stupid enough to want Truss back. She blew up the economy. Then she doubled down and blew it up a second time.

The regulations, tax hikes, and more grow the GDP. But if you are dense you do not know econ.

YES!

And even more so the set of acquired specialized cultural habits and hidden economic dependencies acquired over three centuries of world wide imperial power and influence that continued even after the plantations, trading hubs, and mines were lost… Here is the BEST summary EVER explaining both the purpose of this investment Board as well as the potency of the British Imperium:

The USA needs to watch, learn, and try not to repeat.

d fb

Because whether it is crashing the pound to give tax cuts to the richest 1%; degrading public services because of a mess made by the banks; or the failure to invest in clean British energy that left us exposed when Putin invaded Ukraine – so much of what Britain has been through in the past 14 years is explained by a Conservative failure to face the future. Only Labour can turn the page.

Note the liberals are in the way as well.

We learned from ourselves.

We took the oil fields across the world after WW II. Then a global national movement happened. We lost our investments. Rightly so.

The Chinese turn to “lock up” the global resources. That will be stripped off China.

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Have a look at what is happening in Germany, France and Italy :slight_smile: