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The UK Becomes a Case Study in How Not to Fix a Floundering Economythedailyeconomy.org/article/the-uk-becomes-a-case-study-in-how-not-to-fix-a-floundering-economy/
310 sats \ 2 comments \ @0xbitcoiner 11h econ
Britain’s budget “fixes” reveal how fast a nation can worsen its finances by treating a supply-side problem as a demand-side one.
In its manifesto for the 2024 general election, Britain’s Labour party listed “Five Missions to Rebuild Britain,” the first being: “Kickstart economic growth.”
The party’s second budget since winning that election, delivered on November 26 by Chancellor of the Exchequer Rachel Reeves, suggests it has already abandoned that mission—and offers a cautionary tale to other governments on what not to do.
  • Tax, Borrowing, and Spending Hikes
  • The Economy Crashes
  • More Taxes, Borrowing, and Spending Hikes
  • Lessons for the United States
...read more at thedailyeconomy.org
~Politics_And_Law
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22 sats \ 0 replies \ @winteryeti 7h
Government always seems to go to its same old manual of taxing, spending and borrowing. If it bothered to try redirecting and incubating, it might get a different result.
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7 sats \ 0 replies \ @02ad8239c2 6h
there's no way they don't know what the effects of their actions are, given that all this stuff has been going on for decades, so the question is what are they actually up to ?
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