Regulatory policy

New stage of EU sanctions policy: extraterritorial measures

When a nasty power play marks the end of a phenomenally successful politician’s career, it presents a painful sight. From all the UK press accounts of recent weeks, it was clear that the night of the long knives was approaching for the most photogenic Prime Minister Britain and Northern Ireland had ever produced – Liz Truss.

Enoch Powell, if I remember correctly, once said that the tragedy of most politicians is that they don’t know when to leave public life before the sun begins to set west on their careers. Indeed, Truss has invited herself to such an ignominious end to her magnificent political career.

Because, she should have known that in life, it is more important to be aware of your weaknesses than of your strengths. But she was driven by an outsized ambition to step into the shoes of Margaret Thatcher, when it was clear to anyone who watched her controversial visit to Moscow in February that Truss was dangerously close to being exposed as an incompetent politician. . Thinking back, she eagerly asked for an invitation from Moscow, eagerly seeking media headlines as a tough-talking diplomat, even as the storms gathered over Ukraine.

But then, Truss probably believes that success and skill aren’t necessarily linked, and that politics is all about packaging and marketing — or, just plain luck. She is right to think so. Boris Johnson had his uses for it. But Truss ignored that Britain is not just sick, but probably terminally ill, and that only a politician with a magic wand can lift the country out of its misery, and that it was no match for it. of the task.

The result is that a month into his premiership, Truss has proven the Elensky curse to be real. If she wanted to abandon her plan to drop the planned corporate tax increase from 19 to 25 percent, that was bad. But when she recanted, it was just as bad. The political atmosphere becomes sulphurous.

Sure, a day is a long day in politics, but on the face of it, Truss is a burnt-out affair and his days as prime minister are numbered. Attention has already turned to Rishi Sunak as his likely successor. Will it make a difference?

Sunak bears an uncanny resemblance to Barack Obama – a talkative, charismatic, well-educated globalist who would be accepted by the country’s permanent establishment as someone who can be trusted not to upset the apple basket. But is that all that is needed to pull Britain out of crisis mode?

A significant part of Britain’s difficulties today stem from Western sanctions against Russia. According to a Sunday Telegraph report, in mid-April British citizens were already campaigning against sanctions due to rising prices, particularly fuel prices. The Guardian newspaper also reported that there would be inflationary pressures and the economy would slow in the UK following the economic measures against Russia.

‘Shockwaves from Russia’s invasion of Ukraine will slash UK living standards by £2,500 per household, lead to more lingering inflationary pressure and slow the economy next year, economists fear’ , wrote the newspaper in March.

Market confidence has plummeted, the value of the pound and government bonds are plummeting and the Bank of England is restless as investors fear the UK economy cannot secure £60billion of public debt sterling.

On the other hand, public spending must be reduced even at the risk of causing a wider social explosion. But how do you find tens of billions of pounds worth of denominations in just three weeks? Bond selling and a falling pound prompted the Bank of England to raise interest rates faster than expected, sending mortgage lending skyrocketing.

The catch is that if Sunak is indeed made prime minister, it will be the result of a palace coup and for the wrong reasons, especially his formidable skill at manipulation in the halls of power. Times wrote: “Top Tories discuss replacing Liz Truss with joint ticket of Rishi Sunak and Penny Mordaunt as part of ‘coronation’ by MPs.”

“About ’20 to 30′ ex-ministers and backbenchers are trying to find a way for a ‘council of elders’ to tell Truss to step down.” The coup is being carried out almost openly by banks and asset managers around the world with growing hopes that the new team could restore confidence in the UK economy – when in reality it would satisfy the interests of the financial oligarchy.

If the trick doesn’t work or something goes wrong, there’s plan B — a general election. What is interesting is that if the opposition Labor wins – as may well be the case with current polling figures showing the Tories being reduced to just 85 seats, down from 356, and their worst away – the interests of the financial oligarchy remain completely safe in the hands of Labor leader Sir Keir Starmer, who can be trusted to serve global speculators and corporate boards. After the overthrow of Jeremy Corbyn, there was a complete purge of his herd of socialists.

It is a sad result. Recently, Al Jazeera presented a fascinating report on the workings of internal party democracy within Labour, which shows “how party bureaucrats, whose nominal function is to serve the interests of the party, have attempted to undermine members who support Jeremy Corbyn,…leader from 2015 to 2020,…the first leader of the staunchly socialist party since the 1980s, (who) rode a wave of popular discontent against the political establishment, standing on a platform of public ownership of key industries, a strengthened welfare state, and an end to the austerity measures imposed by the Conservative government at the time.

Both in terms of class war at home and Britain’s war against Russia and China abroad, no serious change can be expected from regime change calibrated by the Deep State. The only silver lining is that Britain’s ability to fuel the war in Ukraine has drastically diminished as it fights its own battle for survival. With a standing army of 80,000 men – a quarter the size of Eritrea – Britain was punching well above its weight in Ukraine anyway.

The right thing to do is for the next British Prime Minister to go to Washington without delay and persuade President Biden to end this senseless war in Ukraine and lift the sanctions against Russia, which have bled the economies of the United Kingdom. and other European allies. The crux of the matter is that Europe’s prosperity was built on the availability of huge volumes of cheap and reliable energy supplies from Russia.

But it will be a bold – almost suicidal – act for Sunak or any British politician to take on the Deep State. Will Sunak be up to it? Left to his own devices, he never seemed enthusiastic about the war in Ukraine or the kyiv regime. So, will the Deep State take risks? Indeed, this is precisely where the chances of Ben Wallace, the Secretary of Defense, lie. A black horse trotting the path in the wasteland of British politics!

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