This is the second part of my thoughts on the current acceleration in military spending around the world. The first part – The arms race again – Part 1 (June 11, 2025) – focused on background and discussed the concept of ‘military Keynesianism’. In this Part 2, I am focusing more specifically on the recent…
Britain
The Chair of the Finance Committee in the Irish Parliament invited me to make a submission to inform a – Scrutiny process of EU legislative proposals – specifically to discuss proposals put forward by the European Council to increase spending on defence. This blog post and the next (tomorrow) will form the basis of my…
It’s been a week of grand fiscal statements. Tuesday, it was for Australia as I discussed yesterday – Australian fiscal statement – rising unemployment amidst a moderate fiscal contraction (March 26, 2025). Then yesterday in the UK, the Labour Chancellor delivered the British Government’s – Spring Statement 2025. Both statements come at a time when…
The British press are reporting that the Government there is planning further spending cuts of the order of billions of pounds because the economic environment has changed and the current fiscal trajectory is threatening their self-imposed fiscal rules thresholds. We already heard last week how the Government is significantly cutting Overseas Aid as it ramps…
It is hard to keep track of the major shifts in world politics that are going on at the moment. I am in the camp that saw the extraordinary confrontation between Trump/Vance and Zelensky as demonstrating how embarrassing the US leadership has become. I am not a Zelensky supporter by any means but the behaviour…
Governments that adhere to the mainstream macroeconomic mantras about fiscal rules and appeasing the amorphous financial markets have a habit of undermining their own political viability. As Australia approaches a federal election (by May 2025), the incumbent Labor government, which slaughtered the Conservative opposition in the last election, is now facing outright loss to a…
An official inquiry into a notorious 2018 Novichok poisoning case has found the victim briefly emerged from a coma, revealing information which wholly undermined the British government’s narrative. While the medical professional she told was muzzled, mainstream media has ignored the new finding. On March 8, 2018, just four days after being hospitalized for having allegedly been contaminated with novichok, which is said to be the world’s deadliest military grade nerve agent, Yulia Skripal was roused from her coma. Upon […]
The post Skripal poisoning victim disputed UK narrative, official inquiry reveals first appeared on The Grayzone.
The post Skripal poisoning victim disputed UK narrative, official inquiry reveals appeared first on The Grayzone.
The daily nonsense that economics journalists pump out in search of sales for their newspapers is nothing new and one would think I would be inured to it by now. But I still am amazed how the same old lies are peddled when the empirical world runs counter to the narratives. I know that the…
In the name of building a “moderate opposition,” London established a social service and media network in areas controlled by HTS, benefitting the group it branded as a dangerous Al Qaeda affiliate. Leaked British intelligence files reviewed by The Grayzone raise grave questions about whether London has aided the rise of Hayʼat Tahrir al-Sham, the Islamist group which was proscribed by Western governments until it seized power in Syria this December. Prime Minister Keir Starmer has stated it is “too […]
The post Leaked files show secret UK Syria project boosted Jolani’s HTS first appeared on The Grayzone.
The post Leaked files show secret UK Syria project boosted Jolani’s HTS appeared first on The Grayzone.