World events have overshadowed British Politics – Turkish Earthquake and Ukraine and Biden’s speech. Despite the UK economy not being in recession it is interesting that we are lagging behind others. Trickle down economics does not seem to be trickling down! Am I naive in not understanding why others cannot see what is blindingly obvious! Money is being sucked out of the economy via higher interest rates, energy rip offs and food inflation. Record profits for some, which are redistributed to the already rich and pensioners. The top 10% in the UK have an average £90000 in bank accounts and £690000 in pension funds. This money is not circulating, not creating jobs. Large firms cut jobs to increase profits. Local businesses can have a multiplier effect. My local store employs 12 f/t and p/time staff. Cutting business rates would encourage more local start ups, and create more jobs thus increasing the economy. Truss economics was to give tax breaks to the rich corporations and companies. More money siphoned off to the Cayman Islands and British Virgin Islands.
Weather here is quiet too. 4C this morning with sunny spells.
Making pasta today.