by Summary:
Boris Johnson has dropped out of the leadership race in Britain. Word on the street is that this means that Rishi Sunak has all but gotten the job. Sunak has long been the City of London’s candidate, having held a career in finance before he became an MP. He started as an analyst at Goldman Sachs and then moved into hedge funds. By all accounts, Sunak is a smart chap who understands markets.Already the chatter has started that Sunak’s tenure is going to be less a government than a transitionary period where Britain enters into receivership. Sunak’s rule will therefore resemble many of the ‘technocratic’ governments that we have seen pop in and out of existence in the Eurozone since the debt crisis of 2011. Yet, Britain’s time in the debtor’s prison will look very different to what
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Boris Johnson has dropped out of the leadership race in Britain. Word on the street is that this means that Rishi Sunak has all but gotten the job. Sunak has long been the City of London’s candidate, having held a career in finance before he became an MP. He started as an analyst at Goldman Sachs and then moved into hedge funds. By all accounts, Sunak is a smart chap who understands markets.Already the chatter has started that Sunak’s tenure is going to be less a government than a transitionary period where Britain enters into receivership. Sunak’s rule will therefore resemble many of the ‘technocratic’ governments that we have seen pop in and out of existence in the Eurozone since the debt crisis of 2011. Yet, Britain’s time in the debtor’s prison will look very different to what
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Mike Norman considers the following as important:
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Boris Johnson has dropped out of the leadership race in Britain. Word on the street is that this means that Rishi Sunak has all but gotten the job. Sunak has long been the City of London’s candidate, having held a career in finance before he became an MP. He started as an analyst at Goldman Sachs and then moved into hedge funds. By all accounts, Sunak is a smart chap who understands markets.Already the chatter has started that Sunak’s tenure is going to be less a government than a transitionary period where Britain enters into receivership. Sunak’s rule will therefore resemble many of the ‘technocratic’ governments that we have seen pop in and out of existence in the Eurozone since the debt crisis of 2011. Yet, Britain’s time in the debtor’s prison will look very different to what happened in Europe in key respects.…
The UK is running up against the limits of real resources, resulting in a falling standard of living.
See also
The Gower Initiative for Modern Money Studies