PsB
Citizen of Nowhere™
Quite, who pays for EU matters should no longer be a UK concern.Progressive initiatives indeed and no longer a UK problem. Who will end up paying these additional costs?
Every four or five years the UK has an election control mechanism with the option to remove the party running the country. There is no turning back for the Federal tanker.
Meanwhile, the money tree is alive and well in Britain. Not-so-frugal Rishi has been running the credit card hot, and UK public debt is now well over £2 trillion (2.3 trillion or 108% of GDP, that's £31,000 per citizen). This is higher than the EU27 (91%) even including EV's favourite southern member states. And that's just public debt.
Total debt, i.e. including private debt and corporate debt, is another matter. UK debt is high in these areas, too. Personal debt is heading towards 2 trillion, including mortgages "secured" by a frothy property market. Non-financial corporate debt is up. Total debt is estimated close to £7 trillion, more than 300% of GDP.