Total 7 Posts
Recent price rises are not due to higher wages but supply-side issues, including the war in Ukraine, the COVID pandemic, and Brexit. All in all, the current government’s intransigence on public sector pay is based on both bad economics and bad politics.
Public spending cuts and the soaring cost of living will not only affect people’s lives now but could trickle down through generations.
A quick look back at the history books might have deterred PM Liz Truss from her extreme actions.
British households want answers from their new leader as they look at their soaring energy bills, but it is hard to see Liz Truss winning huge support from voters at the next election considering her views on economic issues.
The likely next prime minister is focusing on tax cuts to solve inflation. There are indeed votes to be won by focusing on taxes – but these are among Conservative party members, not the general public.
As household budgets come under strain, so does support for governments, as Boris Johnson should note.