While this is widely believed, it isn't true. Foreign capital inflows don't fund fiscal deficits. They fund current account deficits, and they must be matched domestically either by higher US investment, higher US unemployment, or higher US household and fiscal debt.
While this is widely believed, it isn't true. Foreign capital inflows don't fund fiscal deficits. They fund current account deficits, and they must be matched domestically either by higher US investment, higher US unemployment, or higher US household and fiscal debt.
But yes, rather like the repeated manifesto promises to reduce immigration, MPs have simply refused to keep to their basic promises, and that's a huge part of why we are where we are.
But yes, rather like the repeated manifesto promises to reduce immigration, MPs have simply refused to keep to their basic promises, and that's a huge part of why we are where we are.
Politicians are political realists and politics is reality. The vote as a plebiscite and on a constintuency basis gave them an asnwer.
Politicians are political realists and politics is reality. The vote as a plebiscite and on a constintuency basis gave them an asnwer.