Don’t know much about economics and it’s a subject that never really interested me.
Someone once told me that our economy is pretty much dependant on housing. The govt keeps a limit on new builds to make sure that house prices continue to rise and therefore borrowing. The idea is to keep a constant credit demand supply cycle going.
"A No 10 spokesperson said this would mean “delivering on the robust fiscal rules that were set out in the manifesto … that includes debt falling as a share of the economy”.
The following analogy may be simplistic and deeply flawed, but then I am not an economist!
Current debt is 100% of GDP so the UK credit card is maxed out.
Reeves is going to apply for a new credit limit and the markets will decide whether to grant it.
Tell me that you don’t understand macroeconomics without saying you don’t understand macroeconomics.
We have our own currency, so in a much better position than any country with the Euro in the EU.
Is it just me surprised at how buoyant the markets are? Is it all a massive bubble and everyone has their fingers in their ears going la la la?
A year away from cashing in on my pension, it is a worry.
I am surprised that the Trump tariffs haven’t already impacted badly.
Pumping it up before betting on the drop.