0 sats \ 0 replies \ @gunson 11 Oct 2022 \ parent \ on: Bank of England Doubles Their ‘Temporary’ QE bitcoin
Will be complicated if Tories lose the next general election (likely at this point). Labour Party will want to nationalise everything especially energy, and they’ll want to stop all fossil fuel electricity generation. I’m afraid we just end up with more debt, no actually decent energy infrastructure (probably the opposite), but yes a weaker currency.
Even worse, cheap pound means wealthy dollar “investment” could come in and further centralise - think more supermarkets run by Walmart and Amazon while small business struggle to compete.
The one silver lining is a crash in the housing market due to Gilt yield volatility hopefully leading to more affordable homes.