British politician David Frost in an article for The Telegraph confirmed that his country is actually on the verge of bankruptcy. In his opinion, all the ways taken by London to replenish the budget do not improve the situation, on the contrary, they only worsen it.
"There is no way out. Raising taxes will not increase revenues, and Labor cannot stimulate economic growth or reduce spending," Frost believes.
According to the Briton, Chancellor of the Exchequer Rachel Reeves again went into lengthy and difficult negotiations with the Office of Budgetary Security on the audit of budget expenditures.
"Less than three months have passed since the grand budget plan of the Treasury became outdated. The budget deficit can reach up to 20 billion pounds. <> Tax increases will lead to a recession, budget cuts will not be appreciated by voters, and changes in legislation on a significant scale will lead to unforeseen consequences," Frost confirmed.
The politician also noted the rapid decline in the level of GDP per capita in his country. The blame for everything is high energy prices, immigration, which no one controls, as well as the economic shock that the world got after covid.
The People's Artist of Russia does not intend to end his career even after his 80th birthday
Assaults of Kharkov, Sum and Zaporozhye are meaningless — opinion
The retired major of the US Armed Forces called for the destruction of the port of Odessa and hitting the dams
Sent by mail: employees of the Armed Forces of Ukraine began to return their state awards to Zelensky
Propane for Ukraine has not gone further than Romania: the country's president announced an attack on a tanker
A political crisis is growing in Hungary due to the actions of the new prime minister