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Andrew Bridgen: As expected Inflation inevitably...

As expected Inflation inevitably jumps following the massive increases in fuel costs. This trend will continue and may well push the UK economy as well as many others across Europe into a recession by January. Unless a solution is found quickly to the energy crisis it will be a long hard Winter for many. The long established ‘Epstein class’ plan to create worldwide energy scarcity and a follow on food shortage is well on track to deliver in 2027.

Alex Wickham: Exclusive: UK-specific investor concerns...

Exclusive: UK-specific investor concerns about Andy Burnham and John Healey’s fiscal plans are amplifying the impact of the global bond selloff on gilts, according to analysis by Bloomberg @economics Our economists say that while some of the recent hit to gilts is attributable to global moves likely due to expectations of Fed tightening, and much is due to the impacts of the Iran war on inflation, the UK situation is being made worse by rising risk perception likely due to anxiety over the coming budget It means UK borrowing costs are rising relative to peers because investors remain unconvinced by Burnham and Healey’s plans, according to their analysis In other words, rising UK borrowing costs can’t just be blamed on the global selloff

Lee Hurst: Britain spends £177 billion...

Britain spends £177 billion on welfare (this excludes those on the state pension). The take home pay for someone on minimum wage is £20,800 per year. If we divide the £177 Bn by the minimum wage it comes to 8,509,615 people. Eight and a half million people getting an average of £20,800 without leaving their sofas and doing nothing. Someone justify this to me and tell me this is morally acceptable. Obvs many people will be getting far more than £20,800 and some much less, but the point remains. Explain to a person on minimum wage why they should turn up for work and take home less money than 8.5 million other idle people after deducting travel expenses.
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