In the wake of the Queen’s death, Britain is facing an economic divide and a new struggle street.

Let’s bracket today with some splendid comedy, some to start and some, very sadly, to end.

Here’s a very smart take on something you’ve not heard a lot of in recent times, “trickle-down economics”.

Or in other words, it doesn’t.

Particularly not after the ravine that the pandemic created between the most and least wealthy, and yet new British leader Liz Truss is announcing £50 billion in pledges, including tax cuts for the wealthy and removing the cap on bankers’ bonuses. Yes, in 2022 post-Brexit, economically foundering Britain has gone right through the looking glass.

It was painfully evident during the 10 days I was in London covering the death of the Queen that different kinds of Britons were living very different lives.

The one percenters were never better off, although irritatingly hampered by Brexit restrictions, while those struggling had never seemed to struggle harder. Eighty per cent of the UK’s lowest paid workers say they are experiencing the hardest financial conditions of their lifetimes. The shock of Brexit, the energy crisis, weak productivity growth and soaring inflation made much of this often-amazing city seem like a new struggle street.

And it was fascinating to hear economists even political pundits wonder out loud if the death of their long-constant monarch was one more shock that the system could not handle.

Or was it a distraction? While I was there I sought out the London School of Economics senior fellow in the School of Economic Performance, Anna Valero, on the economic challenges facing Britain right now and she lamented a “lost summer” of policy paralysis while the Conservative leadership fell apart.

While noting the psychological effect of the loss of a universally revered figure, Valero noted that the unconfronted, large-scale inequalities that have persisted in Britain are now underpinning almost impossible problems for the Government.

Valero wondered if this was how the late monarch would want to see her people treated.

But maybe, in some terrifying way, Liz Truss is right: as the Reddit-ers say, hear me out …

London exit

Before Brexit, London was the financial center of the Eurozone, and economically the services industry generally is the largest sector in the entire UK economy, responsible for three quarters of annual GDP.

Now financial trade has shifted to Amsterdam and New York and research by New Financial has shown that more than 440 banking and financial organizations have relocated to the EU, with about 10 per cent of bank assets — totaling more than £900 billion moving to the EU. .

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