The number of UK children in food poverty has nearly doubled in the last year to almost 4 million, new data shows, ramping up pressure on ministers to expand the provision of free school meals to struggling families.
According to the Food Foundation thinktank, one in five (22%) of households reported skipping meals, going hungry or not eating for a whole day in January, up from 12% at the equivalent point in 2022.
Regular readers will know I’ve written about this often. The UK appears to be in decline to third world status. While the EU is neoliberal, it was better than what UK neoliberals wanted to do by leaving it. The UK has spent the time since Thatcher deliberately de-industrializing, leaving it with little more than the financial industry and a few hi-tech spars remaining. Leaving the EU makes the “City” less valuable: being inside the EU was useful, and now it’s outside.
On top of this, financialization cannibalizes real industry, since financial profits are higher and the highest profits come from taking public goods and privatizing them. This has been done to everything substantial owned by the UK government in 79, when Thatcher took power, from railroads to water and electricity, leaving on the National Health Service. That’s the last big chunk of profits, and then they’re done.
At that point, what does Britain have to offer to the rest of the world other than a corrupt financial center? Little, and that financial center can’t, won’t and doesn’t want to support most of the population, since even if they could, that would defeat the point: the people who run it don’t want to share, they want to be rich.
The Russia mess has also made this worse. There was a lot of Russian money in the UK, and freezing or taking it means no more will come in and it also makes everyone who’s in a non US ally country wary of using London to store money, whether in banks, securities or properties. After all, they could be next.
Brexit done right could have been the start of rebuilding the UK, but that would have required reigning in the City and engaging in industrial policy to provide industries capable of employing Britons, supply domestic British needs rather than importing, and also able to export.
As it is, Britain is done. The political fallout will probably include, within a decade or so, the loss of Northern Ireland and Scotland. At which point the United Kingdom (Scotland and England unified) will be no more, and England will stand alone again.
The Sun does set, it seems.
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