Tag

British Economy

All articles tagged with #british economy

politics18 days ago•5 min saved

UK Chancellor Watch: Streeting, Miliband and Others Vie for the Treasury

With Sir Keir Starmer’s resignation and Andy Burnham expected to push for a new direction, the hunt for a next UK chancellor centers on a slate of candidates including Wes Streeting (bookies’ favorite) and Ed Miliband (second favorite), with Pat McFadden seen as the safest hands and Yvette Cooper as a compromise option. Rachel Reeves could stay, though that’s unlikely, while longshots like Shabana Mahmood, John Healey, Darren Jones and Torsten Bell are also mentioned. The choice will shape how the government tackles high debt, weak growth, welfare reform, defence spending and the economic fallout from global conflicts, with markets weighing the candidate’s ability to deliver a coherent, market-friendly strategy.

via BBC|

#british-economy #chancellor #fiscal-policy

world6 months ago•1 min saved

A Decade After Brexit: Assessing the Damage and Future Steps for Britain’s Economy

The article argues that Brexit has exacerbated the UK's economic flaws and that the COVID-19 pandemic has complicated efforts to assess its true impact, with political figures using the pandemic to justify Brexit-related claims.

via The Economist|

#brexit #british-economy #covid-19

businesspolitics2 years ago•6 min saved

"Challenging Rentier Capitalism: UK Postmasters' Battle"

The Post Office Horizon scandal in the UK has shed light on the lopsided economic model that rewards asset-owners and punishes workers, exposing a form of "rentier capitalism" where success depends on what one controls rather than what one does. The scandal also highlights the perils of outsourcing and the government's tendency to support corporations while picking up the bill when things go wrong. This reveals a system where the powerful are shielded from risks, while workers face isolation, low pay, and insecurity, showcasing the shortcomings of both the state and the market in post-1997 Britain.

via Compact Mag|

#british-economy #businesspolitics #government-intervention