US EditionA government’s most valuable asset is its inflation option
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A government’s most valuable asset is its inflation option
via Alamy/ 2WXAE0BHere’s an interesting one: what is a government’s most valuable asset?Parliamentary democracy? In many respects, and in light of Sir Kier Starmer’s failure to get his and his Chancellor’s welfare reform through the House of Commons, it is as much a liability as an asset.Its property portfolio? That doesn’t belong to the government, it belongs to the Crown. It’s tax raising powers? Very much a two-edged sword to which Ms Reeves,…
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