Incredible, but true! From Brexit, the British governments put a greater talent each year to demonstrate that the exit of the European Union (EU) keeps its people a little more from the promised land of regained sovereignty and free independence and free independence and free independence and free independence and free independence not distorted.
If we understand what is going on across the Channel, it’s the world upside down! The British nation is being put under guardianship, like poor Greece of the 2010s, and its people are robbed of its right to choose its government as an unhappy Italy post-Berlusconi in 2011.
This without the intervention of the European Commission, neither of the European Central Bank (ECB), nor the euro zone council. Because it is the Bank of England (Bank of England, BOE), the central bank of the United Kingdom, which has just released the red card to sanction the British government in place for a little over a month.
a very worried judgment
Rather than bowing with respect before the new course of the budgetary policy of the new Prime Minister, Liz Truss, the institution said that it is unbearable and increases its key rate drastically. Better still, the BOE acts on pressure from the Federal Reserve, the Central Bank of the United States, and the International Monetary Fund (IMF), which has just made a very worried judgment on British fiscal policy.
The government which has just launched it plans to carry the public deficit of the United Kingdom State to a rarely reached level and to compensate by massive borrowing a historic drop in taxes. This is why the rate of British sovereign debt is reaching a level comparable to that of Italy, which causes the concern and the intervention of British and American central banks, as well as the IMF.
“Take back control”, they said! The British are far from it. In the present case, getting out of the EU has served them for nothing – especially as any of the member states of the Union is in such a situation. Is the British government which triggers such a dam shooting from its own central bank, is it the victim of a denial of democracy and technocratic supervision?
Demonstration by the absurd
Not really, because, in fact, he has just been appointed following a palace revolution – namely an internal vote of the activists of the Conservative Party, less than 1 % of the electoral body. The latter had voted for a parliamentary majority in 2019 whose program did not mention massive tax cuts and debt of the same order.
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