If you think your bills are bad now, just wait
Forgive the doom-mongering, but the US, and especially the UK, may be dangerously on course for a sovereign debt crisis. Yet debt and deficits play a surprisingly minimal role in our countries’ politics. Overspending on borrowed money hardly featured in either nation’s elections of 2024. A Labour MP hoping for Andy Burnham to challenge Keir Starmer for her party’s leadership recently told Times Radio that investors would see the UK as “the best place to be” if only the government pursued “progressive policies that do speak to our communities.” She added darkly, “The markets will have to get into line” – which was like brandishing a saber at the heavens and threatening that the weather “will have to get into line”... or else!
