…from Britishland:
The fundamental problem confronting PM Keir Starmer and Chancellor* Reeves is that Britain’s state is reliant on growth to fund itself, while also doing its apparent best to block it. The transition to net zero, the generosity of the welfare state that undermines work incentives, the planning system that effectively vetoes investment, and the tax system that pays for the same, have more effectively blocked Britain’s prosperity than any number of de-growth activists. The result of this stagnation, coupled with a fiscal state already stretched to its limits, is that each disappointing growth out-turn finds the Prime Minister and Chancellor attempting to find new ways to make it through one more Office for Budget Responsibility forecast period while the premium applied to British debt continues to go up.
Sucks to be them, dunnit? Although under FJB’s presidency, we were headed alarmingly down the same path.
*Chancellor of the Exchequer is kinda like our Treasury Secretary, only the Chancellor actually sets and defines the national budget.
“This is what happens when you bring in nationalized healthcare and the government realizes they can’t pay for it.”
On a related topic, Canuckistan’s death by assisted-suicide rate is higher than death by gunfire. Knowing them, they’re going to say next that this is proof that gun control works.