Rishi Sunak said he “wished” he could cut taxes “tomorrow” but the current state of the public finances meant he is unable to.
Tag Archives: economic recession
Bloomberg’s view for 2022 August 29 – September 04
August 29 After China’s military drills following House Speaker Nancy Pelosi’s visit to Taiwan, the ball was back in US President Joe Biden’s court to respond. His military generals did so by sending two guided-missile cruisers through the Taiwan Strait yesterday, in what the US Navy’s Seventh Fleet called a “routine” trip. In many ways,Continue reading “Bloomberg’s view for 2022 August 29 – September 04”
Economic pain for all or for the poorer majority
We can not allow the capitalist governments and central banks in Europe to follow the US Fed’s lead in willing to throw the economy into a recession, destroying millions of more jobs.