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  1. Richard Murphy (richardjmurphy@mas.to)'s status on Tuesday, 01-Aug-2023 17:10:18 JST Richard Murphy Richard Murphy

    The present is unsustainable. Oil and banking have made it so. Something is going to have to change. https://www.taxresearch.org.uk/Blog/2023/08/01/the-present-is-unsustainable-oil-and-banking-have-made-it-so-something-is-going-to-have-to-change/. We are reaching a tipping point. Sunak's big oil and high-interest rate policy, tacitly backed by Labour, is unsustainable.

    In conversation about a year ago from mas.to permalink

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    1. The present is unsustainable. Oil and banking have made it so. Something is going to have to change.
      from Richard Murphy
      The Bank of England meets this week to consider raising interest rates, yet again. The consensus of opinion is that they will do so by at least another quarter of a per cent. No doubt this will be accompanied by yet more calls for pay restraint because that is the...

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