An article in the FT confirms what I have long suspected, that our current economic travails can be traced back to the Global Financial Crisis of 2008. Since then the economy has stagnated. Productivity per head of population has dropped, in part due to the ridiculous levels of immigration since Brexit. All the while the cost of living continues to rise. The upshot is that most people are no better off than they were in 2008, indeed many are worse off.

Buying a house is out of reach for many people. Paying for basic utilities is becoming ever more expensive. For the first time since the Industrial Revolution, children will be worse off than their parents. Is it any wonder the young are rejecting capitalism and looking to communism for answers?

#politics #economy

Meanwhile in Parliament, Jeremy Hunt knocked 2p off national insurance. That was it, that was the highlight. The Tories will be wiped out come the next election, whether that is in May or November. They have nothing to offer and do not deserve to remain in power.

#politics #economy

What did you expect? The world's economy stopped for the best part of 2 years. Did you not think there would be consequences?

#coronavirus #economy