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Trouble at home

 I've not talked about the British economy very much.  Granted it's not firing on all cylinders, things are thought and blaming the Labour government is easy.   I agree that some of the recent policy announcements were expensive giveaways to people who will soon be able to dictate terms.

The reality of a post-Brexit world is finally coming home to roost, it is evident that the Conservative who had three years in power after the "day" did nothing.   The new government is still finding its feet, it will be interesting.

Of course the government's biggest problem is the new American administration.  In the past week, Trump has made more public statements than Biden did in four years in power.   For Britain, the problem is dealing with the 800-pound gorilla.

the problem is simply, that certain classes of civil servants have discovered that they have real bargaining power, that they did not have in the past.  Nurses, Doctors, technicians.  Skilled workers all.   They are the first and not the last.   Britain will suffer with a lower but with a lower pound, it can mitigate some of the export market problems.   

All the stories about the difficulty in selling Gilts and other financial instruments are temporary, other countries have far more challenging issues (aka France, Italy and Germany).  

The worry is overblown but also real.   As a side note, we notice in our business.



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