The Budget That Was Not A Budget

Yesterday the British government held a mini-budget that made major changes to policy. Reducing taxes while increasing spending requires borrowing. Doing so on the edge of a recession is an interesting approach.

In the analysis of the budget there was a lot of discussion about the lack of growth in the UK economy over the last few years. Growth must be relative to our neighbours so that rules out Covid as a reason? What remains does not seem to be talked about. The reason why we have the economic mess is the act of economic self-sabotage that is Brexit. Why is no one calling this out.

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