Today’s UK budget is called ‘the budget for growth’ with the four E’s of enterprise, education, employment, and everywhere. Jeremy Hunt heavily trailed the latter in a speech he made at Bloomberg’s offices in January. Many of the proposals in the Budget were as expected and were known by the media. In other words, there …
UK energy price freeze: the ‘big short’
As was widely expected, the new Prime Minister, Liz Truss, has opted for an energy price freeze. It caps the price for the typical energy consumer at £2500 for a unit of energy for two years. But this still represents a sharp increase compared to the previous price cap and the year before. Roughly speaking, …
Cost of living crisis awaits the new Prime Minster
The new Prime Minister has taken office during a historic economic, political, and social crisis for the UK and world economies. Just days ago, Russia’s president, Vladimir Putin, shut down the Nord Stream One pipeline carrying gas to Germany – and said that the pipeline would not be reopened until sanctions against Russia are removed. …
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