Even the Bank of England naysayers say there may be light at the end of the tunnel
A new hope
AFTER months of economic carnage, there may be light at the end of the tunnel.
Even the common naysayers at the Bank of England say so.
Yes, inflation is still above 10 percent and interest rates rose again yesterday. But that could be the last increase, and the bank expects inflation to fall this year.
Better still, it has revised upwards its previously apocalyptic forecasts to a much shallower and shorter recession.
Who knows? We might even avoid that — as we confidently did late last year.
The IMF’s absurd negativity towards the UK seems similarly exaggerated.
In his favor, the game changer was largely Rishi Sunak. We loathe the growth-destroying tax burden, which is high as it is, and he MUST lower it if he can.
But it’s hard to argue when he tells Piers Morgan that since arriving at No10 he has calmed markets, devised a plan to control rampant borrowing and helped minimize rate hikes.
We’re still in the swamp. . . but little by little scraping our way out.
call to arms
For 30 years nobody could imagine a war with Russia. With the end of the Cold War, governments destroyed our defenses.
The invasion of Ukraine changed everything. We are now late in catching up. But even the huge new funds that the Tories have recently poured into our armed forces will not be enough.
The British and US military openly warn of our weakness. General Sir Richard Barrons says that in a single afternoon of war we would run out of ammunition.
It is grim that the world is still plagued by tyrants like Putin.
But it is.
We just have to find billions more every year to protect our citizens.
From his Ed
HOW disturbing that Ed Miliband is at the center of Labour’s campaign for office.
He insisted in a minute yesterday that a Labor government would aim for ‘100 per cent clean energy by 2030’ AND that we would need oil and gas from the North Sea for decades to come.
You can’t both be like this.
Voters are well aware of Miliband’s weaknesses. But his ‘green energy’ plan on the back of an envelope is Labour’s only big idea.
Your political platform currently depends on a lightweight who doesn’t even see him spouting contradictory nonsense.
WE don’t remember Sauron, the disembodied evil from Lord of the Rings, breaking into his busy schedule to collect Brighton’s rubbish bin.
But lawyers seriously believe there’s “confusion” between the fantasy mega-franchise and a two-man garbage disposal company, Lord of the Bins.
Well, that’s just ork district.
https://www.the-sun.com/news/7295301/doom-mongers-boe-light-end-of-tunnel/ Even the Bank of England naysayers say there may be light at the end of the tunnel