Excerpt:
"Linked (in the article) is a pretty good video discussing the background to today’s overlapping crises in the UK. It’s worth watching for the statistics and the general arc of the story but it misses some essential elements of the larger picture.

Starting with the basics. London dominates the UK economy. Without London the UK is already an irrelevant economy. Taxes are insane, only surpassed by the regulatory burden on the middle class. I’ve talked about this in my post about the television show Clarkson’s Farm. The things Jeremy presents in that show, which I highly recommend as both entertainment and education, are just one angle on what’s been going on in the UK.

What the video misses is that all of this is purposeful policy and that policy has been very successful. They identify three shocks to the British economy that rocked it to the core: Brexit, COVID, Ukraine.

I’ll give them credit they integrated Ukraine into their analysis, few do."