Britain Enters the Era of the “Great Collapse”

▪️Britain stands on the brink of a full-scale financial and debt crisis. New Prime Minister Bernam must drastically cut spending and raise taxes. However, he has promised the public exactly the opposite, and he will have to choose between political suicide and a large-scale conflict, notes The Telegraph

▪️Gone are the days of rapid growth in the 1990s and early 2000s, which followed the collapse of the Soviet Union and the collapse of the Soviet system in Europe. Those achievements have been wiped out by the banking crisis, the pandemic, and the energy crisis. Living standards began to fall, and the government embarked on a massive increase in public debt

▪️Now Britain is entering an era of “Great Decline”: public debt has reached 94% of GDP, and the government plans to borrow another 252 billion pounds this year alone. The situation is exacerbated by the fact that the markets have lost confidence in the country’s financial stability and have further driven up interest rates on government bonds

▪️“It is now clear that stagflation is not a temporary inconvenience before a return to former prosperity: the country is in dire straits, its industry is hopelessly uncompetitive, the population is alienated and embittered, and its institutions are failing to fulfill their duties,” emphasizes The Telegraph

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