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Tragicomedy: UK Stocks Hit Record On BP Bonanza While 7 Million Can’t Pay Bills
I have an affinity for tragicomedy. Probably because my own life blends elements of the tragic and the absurd.
That serves me well as a narrator. A good biographer of socioeconomic trends traffics in juxtapositions likely to resonate with readers as especially stark. Capitalism in the 21st century is a story of egregious economic contrast, conducive to fatalistic sighs and despairing chuckles.
On Wednesday, a UK think tank said middle-income households "face a hit to their personal disposable
Elections in Britain are in early 2024 correct? Sunak has a very low probablity of leading the Tories to victory and retaining the Prime Minister’s position. Given the situation he inherited and the tone deaf aspect of the Conservative Party and Sunak these days, the best the party can hope for is not to be wiped out. Sunak’s remit at this point is to limit losses in Parliment. Post election I would expect the new government to figure out a way to have a free trade deal with the EU- possibly by joining the EFTA or some other method.
The NHS is in a horrible crisis. People are literally dying because they can not get timely healthcare. It makes me question whether I am really in favor of a nationalized healthcare system in the US.
https://www.wsj.com/articles/nhs-uk-national-health-service-strike-costs-11675693883?st=46kgt46mbr7mcg9&reflink=article_copyURL_share
UK/NHS should not be seen as the benchmark for a nationalized healthcare system. There are many countries (e.g.in continental Europe) with nationalized/semi nationalized healthcare systems that do function properly (with universal access) and are relatively cost effective.
Several factors are at play that cause the mess at the NHS.
This not at all a scientific thought, but another post I read this AM was that the UK was the only major EU economy likely to shrink this year. If so, it sure makes it seem like Brexit was officially a very bad idea. Seven million HH will probably tell you privately that you can’t eat sovereignty fueled by false pride.