The International Monetary Fund has uprated its inflation expectations for Britain. The cost of living killer…
The IMF’s World Economic Outlook has boosted its inflation forecast for 2026 from 3.2% to 3.3% since its last report in April. 2027 is worse – it predicts 2.8% inflation vs 2.4% six months ago. As Lenin said, the way to crush the bourgeoisie is to grind them down between the millstones of taxation and inflation…
Growth has also been downgraded for next year from 1.3% to 1.2% and the deficit in the same year at 3.2% vs 3.1%. Not a good direction of travel…
There are 15 days until John Healey’s first Budget. The IMF has said countries should not borrow or spend any more. Good luck…
Burnham spinning like a wheel in the Commons:
“I will very much say so on the record… It was legitimate. I have always respected the result. I have never questioned its legitimacy. But I am within my rights to point out where foreign actors are looking to interfere in British democracy.”