Only the Western Cross Crisis of debt

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This is a non -national for me, but I suggest that international bond investors are aware of the following facts in Britain.

The work government has an enormous majority in Parliament. It is not necessary to summon public elections until 2029. Its opponents are divided, perhaps permanently. When the concessions of retirees to save the debt kingdom cut some money, the general anger, despite fierce, was exceptional. And still work give up For a retired vote. As I did with the demands of public sector wages last summer. As soon as some beneficiaries of the child’s benefits. If you cannot among all governments carry some orbitous moral pressure, what is the UK government at all?

Now that we are at the approximate quarter point, we can extract some of the thumb rules of this century that reveals. Do not launch a ground invasion of another country. Wars in Iraq, Afghanistan and Ukraine all stumbled on excessive conjugation. Do not expect economic growth to satisfy people. The United States has left Europe in terms of income, but it has at least a bad problem. And do not try to control public spending. It is almost politically entitled, with the exception of (more than this later) in a national crisis.

French President Emmanuel Macron put fuel taxes in 2018 and retirement age in 2023. The result? The worst protests in the Tinder Fund for this Republic for half a century. Gerhard Schroeder made modest discounts to the German luxury state as a consultant before a generation. The reward was a defeat on Angela Merkel, who won the next three elections by overcoming such a reform. The Teresa May faced British voters the cost of elderly care in 2017. It has never recovered.

And then there is the debtor of God, the debtor of God. At least once can depend on Democrats to show some distinctive interest in financial stiffness. Now both parties have an implicit agreement to ignore the religion – it called Washington’s consensus – even at the risk of superiority over the dollar. ELON Musk, after failing to change the federal government, must reduce his ambitions to things like Terraforming Mars.

So, debt General Western Problem, and The developing world One also. Why fear of Britain in particular? One of the reasons is Sir Kerr Starmer. The voters waited to get rid of Jeremy Corbyn before the old socialism decided to be in place of position. Wait for court ruling It is clear His position on what a woman is, until then he did through a spokesman. John F. Kennedy will never have to update Certain files in courage For this man. Spend control often due to the individual’s ability to absorb hatred. Starmer will not be human unless he has no. The center of most public figures is needed. It may not be by chance that David Cameron, who cut off, although largely, is the only politician ranked first in my time who had no clear security. Public protests wore this unborn man.

The theory is that, low politicians of many are the largest financial obligations. They are unable to win the affection of the public on their own conditions, they go in the expensive Crusades to announce their goodness. When she became a national joke, she participated in net zero goals as part of her, please like a farewell tour. See also Gordon Brown in the treasury years. Starmer and Rachel Reeves Adviser has these capabilities. The government tends to be stronger in the beginning. If this pair is not able to carry the line now, imagine the days of dogs in 2027. If you think the Labor Party will continue to fix well -being when the primary match begins in moral blackmail, I have some Gilts to sell you.

And do not improve outside the labor. The next power in politics is the reform of Nigel Faraj in the United Kingdom, in some respects, the statistical movement. The Conservative Party has never seen the retired and did not try to bribe. Its intellectual climate is made up behind the scenes of unstable industrial Managers From the end, the least declining for the previous May team. This is a strange thing to say about a country that disturbed bond markets twice in recent years, but investors are worried a lot about the political path in Britain and thus financial. The country leaks from the reputation of the “institutions” that some of us announce from us, who have seen inside.

In the event of illusion, the debt crisis occurs, this may be imposed at least a reassessment of the state from the first principles. The only way the painful change occurs, but it is necessary in high -income democracies, is through an emergency. The precedent is a prestige. Another led to reforms in the Mediterranean economies after 2010. I do not want such an event, but I imagine anyone. Many Western countries have funding resources that will struggle to bear another shock. Imagine a pandemic, even half -expensive like Covid. There is no room in some countries to raise taxes without hurting incentives. (Unemployment in Britain to rise With the validity of the high national insurance) education or Defense.

Reeves spending this week was similar to the smell of the era to its end: the signals to spend as a “investment”, and the welcoming of the provinces in London and its satellites produced. This is a government model that almost asks to remove it from its misery. What the likes of Musk cannot do, the bond traders may be.

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