Rdodge30
Well-known member
- Dec 30, 2022
- 863
The financial markets have lost faith in the Chancellor and it’s looking close to no way back. She is to make a financial statement at the end of this month.
The economy is currently reacting in the opposite way to how she hoped it would after her first budget, there will almost certainly be further downturn.
It looks like she will have to cut spending in the next budget, and still may also have to raise taxes, in order to not break her own fiscal rules… which she has already ‘loosened’.
I don’t see how she survives another year.
Starmer’s ratings are so low there’s no room for anything other than financial success in the next 12 months and she only has a spring statement to bring that about. It seems unlikely as she has to continue in the same direction, in for a penny in for a recession as it were.
The economy is currently reacting in the opposite way to how she hoped it would after her first budget, there will almost certainly be further downturn.
It looks like she will have to cut spending in the next budget, and still may also have to raise taxes, in order to not break her own fiscal rules… which she has already ‘loosened’.
I don’t see how she survives another year.
Starmer’s ratings are so low there’s no room for anything other than financial success in the next 12 months and she only has a spring statement to bring that about. It seems unlikely as she has to continue in the same direction, in for a penny in for a recession as it were.