I mean, we knew it was bad, but....
Yesterday evening, the International Monetary Fund (IMF) issued a statement on the state of the UK economy, serving warning to the Government that the dfference in monetary and fiscal policy must be reconciled, and that the tax cuts announced need to be reversed in Novembers official budget.
300 mortgage products have been pulled by banks as the interest rates they need to cover are, as yet, unkknown. So, the cut in stamp duty is pointless if no one can get the finance to buy a house in the first place.
Post Office workers have announced 19 strikes between now and Christmas as they push for wage increases that match the cost of living.
More train strikes next week.
And we know there are plans for rationing of energy over the winter, more urgent now as sabotage has closed the gas pipeline from Russia under the Baltic.
Russia is to officially annex parts of Ukraine on Friday and is threatening nuclear retaliation if the west escalates measures.
If I'm honest, it doesn't feel like a good place to live right now.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment