Trump, Short-Termism, and the Looming Fiscal Crisis Donald Trump remains remarkably popular in the United States, despite unconventional methods and controversial policies. Yet beneath the political theatre lies a stark reality: his approach to governance reflects a deep-seated short-termism, one that risks pushing the U.S. toward a fiscal crisis that future generations may struggle …
For more than two decades, oil and gas have been the backbone of the Russian economy. Hydrocarbon exports account for around half of federal budget revenues and provide the hard currency that sustains everything from pensions to military spending. This dependence has served the Kremlin in the short term, but it has left Russia …
Remember the rejection of modest welfare cuts by the current Labour government several months ago in order to trim back (more actually needed) the burgeoning and unmanageable welfare expenses which burden this country to the tune of £313 billion in 2024/25 and which will climb to £373 billion by 2019/30? The draft law (a …
The Barnett formula, a mechanism established in 1978, was intended as a temporary method to allocate funding from the UK government to Scotland, Wales, and Northern Ireland after the devolution of certain powers. Its purpose was simple: to adjust the block grants for devolved governments based on changes in spending for comparable services in …
1. The Problem: Squeeze-Through Fare Evasion 2. Why It Persists 3. Practical Modification Concept Objective: Eliminate the ‘squeeze gap’ while keeping barriers fully operational. I am not staying that the whole barrier needs to be replaced. Changing the paddles and mechanisms that control the paddles would be sufficient if that is possible. This would …
An unsurprising but nonetheless shocking 98 per cent of British people believe that Rachel Reeves is performing badly as chancellor according to a Daily Express poll. We don’t know the sample size or the demographics and it is the Daily Express which consistently pushes agendas of their choosing but that said: she is doing …
Rachel Reeves Has Handed Britain Over to the Bond Markets The government’s June borrowing figures are a stark warning: Britain is drifting into a fiscal crisis not seen since the postwar era. Official data shows borrowing hit £20.7 billion in June — the second highest ever for that month, surpassed only by the COVID …
In a world of high inflation, economic fragility, and spiralling government deficits, America continues to behave as if it’s immune from basic financial gravity. Nowhere is this contradiction more visible — and more damaging — than in the sheer scale and spectacle of the U.S. presidency. Every trip abroad by the president costs millions …
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