Well, it seems like an ideal moment to resurrect this topic, following yesterdays political surprise.
I honestly expected we’d see another hung parliament, that there’d have to be compromises made by participating parties, and a general slowing down of the legislative process.
Instead we get a bloody majority government. Typical.
One thing that may work to keep them in check is that, by governing alone, the Tory party will only have a majority of 12, compared to the 40 something majority they enjoyed in coalition, so anything that brings too much heat on the MPs from their constituents has a good chance of being slowed down.
As to what it’ll mean for the economy?
Interesting question. A local pub landlord, clearly a Tory voter, announced within a few hours of waking up that he now felt confident enough i the future of his business to award his staff an inflation busting pay rise. Frankly they deserve it, if only for the fact that they run a good pub and keep the customers coming back to spend more money.
I wonder, what the general sentiment is within the business community? I’m expecting that in stocks and shares we’re going to see several months of relative calm and peace, though I do keep wondering how long the debt mountain can continue to climb before the precipice is reached and the tumble begins.
Guess we’ll have to wait for it to start with our American friends first. How long do you guys reckon the printing presses can keep inflating your money supply before the whole shitshow collapses al la Venezuala, Argentina, et al? Coz that’s roughly how long we’ve got in Britain
One bright light in this election result is that we are stuck with a chancellor who, regardless of what you think of his politics, or ability to count without using his fingers for that matter, has publicly spoken in favour of Bitcoin, so it’s potentially good news for those of us that have an interest in running Bitcoin based business in the UK.