#economy
When Governments Play Monopoly Without the Rules
#economy
When Governments Play Monopoly Without the Rules
Ah, the economy—where the government treats it like a game of Monopoly, but instead of actually trying to win, they just keep flipping the board and making new rules as they go. They’ll pass out "stimulus checks" like Community Chest cards, but somehow, you still can’t afford the rent on Park Place. Inflation rolls the dice and suddenly everything costs twice as much, but they assure us, "It's totally fine, just trust the process!" Meanwhile, the central bank is busy printing money like it's free parking, while everyone else wonders when the game will end—preferably without everyone going bankrupt. And when the economy goes off the rails? They just throw out a bailout like it’s a "get out of jail free" card. It’s like watching someone who’s never read the rules try to run the game, and somehow, they’re still convinced they’re winning.
UK Borrowing Costs Soar Amid Trump's Tariffs Carnage: Labour Sticks to Fiscal Rules
- Wednesday, 09 April 2025
Keir Starmer vowed that Labour would stick to its fiscal rules despite long-term UK borrowing costs reaching their highest level since 1998. The yield on a 30-year gilt rose to 5.518% amid global financial market carnage caused by US President Donald Trump’s tariffs, including a 104% levy on Chinese imports and 10% on UK goods. This led to a slump in the FTSE 100 index, which fell as far as 3.6% before paring back losses, finishing down 2.92% at a 13-month low of 7,679.48.
