Thatcherism 7

Growing trade deficit, falling national tax revenue, fixing inflation on twin deficits

The trade deficit reached $5.3 billion in February, and the cumulative trade deficit between January and February reached $17.95 billion, 39% of last year's annual trade deficit of $47.785 billion, which was already the largest on record, came out in two months. With negative growth In the fourth quarter of last year, which turned around, GDP growth was -0.4%, falling 0.7%p behind the average of..

경제 2023.03.01

Conservative Party’s ‘Strike Ban Act’ in Britain’s biggest strike, Labor Party’s ‘expanded support base’

100,000 nurses went on a one-day strike on the 15th, following the British railway post office worker strike, and the confrontation between the Conservative government and the Labor Party is repeating the Thatcherism crisis of 40 years ago. British Prime Minister Rishi Sunak said in an interview with the Conservative Daily Mail on the 15th that he plans to introduce a strike ban law next year. I..

안보 2022.12.15

UK interest rate hike hesitant to cut tax rates, exchange rate plunges, Korea 'follows' the interest rate reversal

The yield on 10-year Treasury bonds rose more than 4% for the first time since 2010 due to the UK's conservative tax cut policy, where the exchange rate is falling. Bloomberg predicted on the 27th that the interest rate in the UK is expected to rise to 6% next year, and the average household repayment amount in the first half of next year refinancing a two-year fixed mortgage loan at 6% at an in..

경제 2022.09.27

British Conservative government's tax cuts lead to a sharp drop in the exchange rate as the fiscal deficit widens

The British pound saw its biggest one-day drop after the Conservative government announced on the 23rd that it would cut taxes and increase fiscal spending to strengthen the economy. “The pound plunged as high-risk public borrowing raised concerns about a worsening cost of living crisis,” the Associated Press reported. The Finance Minister announced a comprehensive tax cut policy, saying that it..

경제 2022.09.24

Yun Seok-yeol regime, freedom ideology, condolence diplomacy, frustration, World leaders' meeting absent

The free ideology condolence diplomacy was frustrated by the Yun Seok-yeol regime at the funeral of the British Queen, and he did not attend the Royal Hospital meeting, a place for world leaders invited by the royal family. Kim Seong-han, chief of security, said, "It is expected that the key leaders of liberal and democratic countries will gather in London as the reason for the president's and h..

안보 2022.09.20

UK inflation hit 'stagnation' Korean securities firms 'peak or rebound'

Contrary to the US media that the UK economy fell into a 'recession' due to the blow to household spending by inflation, Korean securities firms diagnosed it as 'a rebound after the peak of inflation'. The Wall Street Journal reported that the UK economy "heralded a tough economic period expected to contract in the second quarter and plunge into a prolonged recession" as households cut spending ..

카테고리 없음 2022.08.13

President’s Chief of Staff ‘initiates the abuse of executive power’ by saying ‘Is there an alternative’ to the National Assembly

President Yoon Seok-yeol, chief of staff, said to the National Assembly, "Is there an alternative?" Kim Dae-gi, chief of staff at the National Assembly, showed a typical abuse of executive power on the 17th by asking, "Is there an alternative?" When it was reported that the police had requested the Seocho-gu Office to remove only the posts of the Confederation of Trade Unions (KCTU) among the il..

카테고리 없음 2022.05.18