Yesterday’s UK inflation numbers hint the Bank doesn’t understand the modern drivers of inflation or how to address them. It leaves some stark likely outcomes: stagflation or a Reflationary Death Scramble. Neither are good.
Markets remain obscure and uncertain, but the UK’s virtuous sovereign trinity and financial exceptionalism is at stake as political graft mounts and a previous financial scandal comes back as a new one – the Libor Scandal needs investigation.
By some freakish temporal rift, a Morning Porridge from 10-years in the future was delivered into my email box last week – describing the monumental political and economic events of the last decade… Freaky eh? Who would expect such a thing…? It happens…
The UK announced a new energy strategy – but its nonsense. It’s not a transition plan, but a ploy to placate the courts. We need better if the UK is take advantage of the opportunity Climate Change and Renewable Energy represents.
Part 2 of the London Rent Crisis. London, and whole UK housing market, is broken. Demand greatly exceeds supply allowing rotten greedy landlords to game the system and abuse tenants. Can it be fixed – absolutely…
Outrageous rental increases and the naked greed of professional landlords will result in a dearth of young workers priced out of London. It will destroy the City’s economy and negatively impact the UK even more conclusively than the Luftwaffe, political mistakes, global banking crisis, pandemic or recession.
SVB is done and dusted, and its time to ask questions, like: what is the future for banks? What do they do, and how do they do it? Are they at an evolutionary dead end? Probably. And the sheer joy that is the UK budget… stronger coffee please.
Aston Martin’s extraordinary rally on the back of a F1 podium place squeezed out the shorts as fans backed their belief by buying the stock. The reality for the UK is bleaker – the UK budget next week (March 15) will do little to inspire global enthusiasm for the decaying economy. The UK needs something visionary and new!
Labour Leader Keir Starmer has announced growth is a core mission for the next UK government. He should look how Clarkson’s Diddley Squat Farm and the threat to obliterate my village of Hamble with a wholly unnecessary gravel quarry demonstrate how the UK’s local planning and over-regulation stifles growth, hope, and expectations. The process isn’t fit for any purpose. Bureaucrats have anything but the interests of local people in mind. Big money walks all over them.
Pull your buying boots on, lace them up tight and get ready to buy the UK! Even the possibility Boris and the ERG snatch defeat from the jaws of common sense won’t change the narrative: A deal with EU will happen, putting the UK back on some sort of course.
