Yesterday was so utterly emblematic of this ****show government; moral bankruptcy characterised by gross incompetence.
Isn’t it usually the other way around - interest rates are raised to attempt to control inflation ?I do wonder if this inflation and energy crisis will be the end of the Euro.
Will the wealthier northern countries really be happy to keep interest rates low and effectively subsidise the bankrupt Southern European countries? How bad does inflation and the cost of living crisis get before people turn on each other.
Interesting times ahead still
I am quite shocked about the proposed withdrawal from the ECHR and also sending refugees to Rwanda. This is the action of despots and not a supposedly democratic, Western country. I appreciate that immigration is a problem but surely the situation is resolved in investing in the countries people are fleeing from so that there is no incentive to leave. This is going to have to happen on a massive scale to be successful but I think that it would be a a far better deterrent than the Govt's current strategy which is more akin to what the Nazis were doing in the 1930s. I am shocked by this Govt. It is strange that their ideaology is far more extreme than Margaret Thatcher yet no one is really complaining. Any criticism gets brushed aside as part of the "culture war" but this really isn;tthe case.Our Govt is jus morally bankrupt.
Why aren't people protesting in the streets like they did in the 1980s?
Problem is he will likely only have a very short period of time to undo years of Johnson policies and over a decade of Tory ones - unless he pushes through PR as a urgent priorityI actually feel it is likely that the Rwanda scheme was intended to fail and has been created to give the gov an excuse to leave the ECHR.
Should Starmer actually end up being PM he would have the easiest route to success ever, just undo basically every Johnson policy and the country immediately becomes more satisfactory.
Of course I would hope for much more than that….
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Protest is difficult now, because it's illegal if it's annoying or disruptive...I am quite shocked about the proposed withdrawal from the ECHR and also sending refugees to Rwanda. This is the action of despots and not a supposedly democratic, Western country. I appreciate that immigration is a problem but surely the situation is resolved in investing in the countries people are fleeing from so that there is no incentive to leave. This is going to have to happen on a massive scale to be successful but I think that it would be a a far better deterrent than the Govt's current strategy which is more akin to what the Nazis were doing in the 1930s. I am shocked by this Govt. It is strange that their ideaology is far more extreme than Margaret Thatcher yet no one is really complaining. Any criticism gets brushed aside as part of the "culture war" but this really isn;tthe case.Our Govt is jus morally bankrupt.
Why aren't people protesting in the streets like they did in the 1980s?
Isn’t it usually the other way around - interest rates are raised to attempt to control inflation ?
The problem is, the EU can’t raise rates because of the debt crisis of the poorer countries.
So we get to see if there are defaults in south Europe then I guess. I don’t know the detailsThe ECB announced that it's raising rates -- in July and September -- last week.
https://www.nytimes.com/2022/06/09/business/ecb-interest-rate-increase.html
So we get to see if there are defaults in south Europe then I guess. I don’t know the details
There may be trouble ahead.Indeed, and how unified the EU can be on policy over the next few years