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November 1, 2024 | Britain in An Unprecedented Economic Decline into 2026

Martin Armstrong

Martin Arthur Armstrong is current chairman and founder of Armstrong Economics. He is best known for his economic predictions based on the Economic Confidence Model, which he developed.

 

2024_10_29_07_16_13_Sir_Keir_Starmer_suffers_biggest_fall_in_popularity_for_new_prime_minister

Aside from the collapse in Starmer’s popularity, he has confirmed our forecast for Britain. The left never saw someone they did not want to shake down for money. In the US, we have Trump talking about eliminating the income tax, which I worked on during the Nineties and even testified on taxation before the House Ways & Means Committee. Starmer has announced major tax hikes and higher borrowing to meet his aim of investing for long-term growth.

The tax hike as a percentage of gross domestic product to a record 38.2% will be the highest in modern British history, resulting in government spending not seen outside an emergency or war. While he claims that the additional £40 billion ($80 billion) is to invest in the future, it will undermine the future of Britain.

This year saw a Double-Directional Change on the yearly level for the pound, and we are looking at an unprecedented economic decline into 2026. This is what the LEFT refuses ever to comprehend. They are Marxists until the end.

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November 1st, 2024

Posted In: Armstrong Economics

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