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Britain's Dire Economic Situation is of Little Concern for Theresa May

17 6 1
17.02.2019

It seems that the most haunting question in Britain today is: What future awaits its citizens after Brexit?

This is hardly an example of lazy thoughts, as the rapidly deteriorating living conditions of the British population that is a direct result of numerous miscalculations of the May government, and there’s no logical explanation how UK’s withdrawal from the EU could affect this situation in any positive fashion.

In fact, British residents are facing longest decline in living standards in modern history. As it’s been pointed out by the Resolution Foundation, their real incomes will not return to the peak pre-2008 level in the foreseeable future. Even the most optimistic evaluation of the economic situation in England shows that its GDP may start growing again in 2020, hardly reaching the level of 1.6% a year by 2022.

However, British government is unable to provide a comprehensive plan to address this situation, since the problems that led to hundreds of thousands working people living behind the poverty are numerous and rather complicated, so there’s no ease fix that could turn the tide on poverty. With British people getting increasingly unemployed, deprived of medical care and social benefits they start getting increasingly bitter and pessimistic.

And it’s hard to blame them, as........

© New Eastern Outlook