meincredible but true! Since Brexit, British governments have each year shown more talent for showing that leaving the European Union (EU) takes their people a little further away from the promised land of free and undistorted reclaimed sovereignty.
If we understand what is happening on the other side of the Channel, it is the world upside down! The British nation is being placed under guardianship, like poor Greece in the 2010s, and its people being stripped of their right to choose their government like a hapless post-Berlusconi Italy in 2011.
This without the intervention of the European Commission, or the European Central Bank (ECB), or the council of the euro zone. because it’s him bank of england (Bank of England, BoE), the central bank of the United Kingdom, which has just shown the red card to sanction the British Government in force for just over a month.
A very concerned judgment
Instead of bowing to the new Prime Minister’s new fiscal policy course, liz trussthe institution reports that this is unbearable and drastically increases your key rate. Better still, the BoE is acting under pressure from the Federal Reserve, the US central bank and the International Monetary Fund (IMF), which has just delivered a very concerned judgment on UK budget policy.
The Government that has just put it into operation plans to take the public deficit of the United Kingdom State to a level rarely reached and compensate a historic tax cut with massive borrowing. Therefore, the British sovereign debt rate is in the process of reaching a level comparable to that of Italy, which is causing concern and intervention by the British and American central banks, as well as the IMF.
“Recovery Control”, they said! The British are far from it. In this case, leaving the EU did not help them, especially since to date none of the Member States of the Union find themselves in such a situation. Is the British government, which unleashes such a barrage from its own central bank, a victim of denial of democracy and technocratic oversight?
proof for absurd
Not really, because, in fact, he has just been appointed after a palace revolution, that is, an internal vote of the activists of the Conservative Party, that is, less than 1% of the electorate. The latter had voted for a parliamentary majority in 2019 whose program made no mention of massive tax cuts and debt of the same order.
You have 32.62% of this article left to read. The following is for subscribers only.
“Professional food trailblazer. Devoted communicator. Friendly writer. Avid problem solver. Tv aficionado. Lifelong social media fanatic.”