Britain is stuck in a ‘doom loop’, warns hedge fund chief
6 Articles
6 Articles
UK stuck in ‘debt doom loop’ – Socialist Revolution the only way to break the loop - Workers Revolutionary Party
THE INTERNATIONAL Monetary Fund (IMF) has issued a dire warning to Labour Chancellor Rachel Reeves that she must take ‘unpopular’ decisions to halt British capitalism crashing into bankruptcy. The unpopular decisions the IMF is demanding Reeves takes amount to the complete destruction of the very foundation of the NHS, ending the triple lock on state pensions and driving up taxes for workers. In its annual report on the UK economy issued last Fr…
Ray Dalio: UK is in a 'debt doom loop'
The UK is in a “debt doom loop” of high taxes, low growth and a ballooning debt pile, according to one of the world’s most renowned investors, who also warned that the need to raise taxes will only drive more wealthy residents to leave. Ray Dalio, the billionaire who founded US hedge fund giant Bridgewater Associates, said bond markets were being overly complacent about western governments’ addiction to borrowing, warning that risks of defaults …
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