Israel’s recognition of Somaliland has little to do with self-determination and far more to do with strategy, offering Israel a potential military foothold near Yemen, says JE ROSENBERG
BEHIND the bad jokes, gimmicks and rather meagre “giveaways” in this week’s Budget, the main story was a substantial downgrading of growth forecasts in a situation where economic growth is already currently the lowest it has been since the Tories came into office and the slowest of the major economies in the G7.
Forecasts for wages and productivity have also been downgraded as have levels of business investment.
As the economist Larry Elliott put it, “the real story was not the latest attempt to boost home ownership but the news from the Office for Budget Responsibility (OBR) on the state of the economy. This was little short of calamitous.”
The 2025 Budget shores up the PM’s political position with headline-grabbing welfare U-turns, but with no improvements on offer to declining public services or living standards, writes MICHAEL BURKE



