This was first reported by Summit News. The UK administration is as bad as the US’s if this information is correct. Reporter Ed Conway of Sky News warned Brits they are facing the biggest annual fall in their standard of living in thirty years. The GDP is going down while interest rates and inflation are soaring.
At the same time, they are spending huge sums of money on illegal aliens and refugees.
It’s similar to what is going on in the US, although it is far worse in the States. The difference is they don’t have the energy we have and our problems are self- inflicted.
🚨NEW 🚨
Bank of England says UK households must brace themselves for the biggest annual fall in their standard of living since comparable records began three decades ago, as it:
– Raises interest rates to 0.5%
– Says inflation will surpass 7%
– Slashes GDP forecast— Ed Conway (@EdConwaySky) February 3, 2022
The MPC voted 5-4 in favour of raising interest rates from 0.25% to 0.5%. But those four dissenting members wanted a hike to 0.75%.
So households will have to contend with higher borrowing costs as well as higher taxes, energy, goods and services prices.— Ed Conway (@EdConwaySky) February 3, 2022
More on this news, and the energy price increase, @RishiSunak’s measures and the broader cost of living crisis, on @skynews through the day.
— Ed Conway (@EdConwaySky) February 3, 2022
£1.2 million per day is spent accommodating people resettled from Afghanistan and another £3.5 million per day for asylum seekers.
— Simon Jones (@SimonJonesNews) February 3, 2022
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It is the goal of the socialist/Marxist/communist movement to introduce totally equity among nations. Equity in misery. Equity in collectivism. Equity in government by oligarchy. Equity in being controlled by non-elected globalists. Eventually there will be only two classes of people; rich government officials and taxpaying paupers.
The tide has turned in their favor via the forcing of expenditures for supporting non-citizens to be obligatory debts of the taxed citizens. Companies are forced out of business. Governments step in to control the flow of products and services once provided by private enterprises being driven by a profit incentive with prices held in check by competition now to become ignored in favor of raising taxes on the citizens to cover the inflated costs. With the government in control, there is no competition and no need to make a profit.
Just study the US Postal Service. It has been losing money every year. Not to worry! It’s paid for by OUR TAXES!!!
No government known to man is more efficient than private enterprise. No government known to man is free of corruption that is driven by the ease of becoming corrupt being aided by the power to do so.
The Great Reset is under way….the nitwits do really believe they can “do it”…unfortunately they ALL have ‘carnival mirrors’ and observe only the ‘skewered’ images of themselves…as they pave the way to ‘perdition’…
The children going as far or farther than their parents is over in the Western World.
To the comrades property is theft and everything is a human right to be administered by unelected “enlightened” czars.
Some are a little more equal and will get first dibs on the redistribution.
Their hate is because we will NEVER bend a knee to them and they do seek to reduce all traditional stock of nations to paupers and strangers in a strange land.