United Kingdom

UK-economy-decline

The Decline Of The UK Economy (III)

Part II As the costs of funding debt increased throughout 2023-24, 8.4 % of government spending was allocated to debt servicing, amounting to £102 billion, leading to increased income taxation to fund interest payments on UK government debt. Tax revenues recorded by HMRC reached £ 827.74 billion for the 2023-2024 […]

Istanbul-talks-Russia-Ukraine-US-EU

Talks In Istanbul Unlikely To Produce Results

Ukraine stalled the start of negotiations. Russia sent a low level delegation. Secretary of State and Interim National Security Adviser Marco Rubio says he expects no breakthroughs in the Istanbul talks between Ukraine and Russia. The Russians, Rubio said, sent a “low level” delegation: apparently the Ukrainians are sending their defense […]

UK-economy-decline

The Decline Of The UK Economy (II)

Part I It is no secret that the UK is currently under extreme socio-economic pressure. Three consecutive economic shocks – Brexit, the COVID-19 pandemic, and the conflict in Ukraine – have left the UK burdened with additional debt. Net debt as a percentage of GDP has surged from 36.3% in […]

UK-Emprire-decline

The Decline Of The UK Economy (I)

For a significant portion of the 19th century, Great Britain stood as the preeminent global superpower. From the vast expanse of British India to the Canadian Dominion, its wealth and power were unparalleled. However, following the zenith of the British Empire in 1922, a period during which the UK governed […]