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lefroggy01

The Mini-Budget — Parliament Notes

Text of the mini-budget by Kwasi Kwarteng, called ‘The Growth Plan’ in Hansard, which caused great excitement as well as a drop in the value of the pound, and is already being watered down.  See editorial for comment. https://www.gov.uk/government/speeches/the-growth-plan-2022-speech Mr Speaker, Let me start directly with the issue most worrying the British people – the cost … Continue reading The Mini-Budget — Parliament Notes

lefroggy01

Sanctions and Rubles

Martin Seale The members of NATO have imposed sanctions on Russia following its Special Military Operation in Ukraine which began on 24th February.  NATO would clearly like these sanctions to severely damage Russia.  It is unlikely that they will for two main reasons.  Firstly, Russia is a currency creating state and does not therefore have financial constraints.  Secondly, Russia is … Continue reading Sanctions and Rubles