Optimism at the start of 2022 that, with the end of the pandemic, the UK was on the cusp of a period of robust and steady growth, was dashed by the Russian invasion of Ukraine in February. Although the headline average annual growth rate is 4%, it is highly misleading. The economy is in recession. …
Is the UK already in recession?
As the campaign to become the leader of the Conservative party and therefore Prime Minister of the UK is whittled down to the final two candidates, the economy continues to struggle. It has shown paltry growth since the crisis of 2007/8, mainly down to poor productivity. ‘Levelling up’, Brexit, none of these has changed that …
What is it all for?
Well, he did it. The amassing of some 160,000 troops on its borders was a clear sign of intent to invade Ukraine. Still, the feeling of shock expressed by so many at the actual event is genuine because of the enormous ramifications and import of the most significant military ground offensive in Europe since World …