'A budget that harms everyone except the rich.'

For fellow Brits, or those just interested: here is a deep dive into the economic consequences of the Conservative tax cuts from Oxford economist Simon Wren-Lewis. The TLDR is that the new budget won't produce a growth boom and therefore won't offset either the inflation (cost of living) crisis or the devaluation of the pound. Wren-Lewis also predicts that this will inevitably lead to further cuts in our already teetering public services.

This is grim reading. I want this to be wrong but I know that it's not:

https://mainlymacro.blogspot.com/2022/09/a-budget-that-harms-everyone-except.html

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PicturesOfABetterTomorrow · 41-45, M

How close to the edge do you think the average person is at right now? Do you think this could lead to a repeat of the riots a few years ago?

Burnley123 · 41-45, M

@PicturesOfABetterTomorrow A lot of people are close to the edge anyway because of the cost of living crisis. Inflation is an issue everywhere but we have it much worse than any other G7 country. A combination between Brexit, Covid and lack of energy independence is hitting us hard.

Yes, I would say that riots are likely.

PicturesOfABetterTomorrow · 41-45, M

@Burnley123 Sadly from what I have been able to glean on my own that is no surprise. I have been reading for a little while now that for the same reasons Northern Ireland could be a powder keg too if the incompetence at the top continues.