If the SNP or Lib Dems end up holding all the cards come Friday morning, the economic catastophe of leaving the EU could be averted
An important moment during the so-called election “debates” last week occurred when a young lady in the studio audience told Theresa May that she had voted for Brexit because she had swallowed the lie that it would bring £350m a week for the health service. The prime minister, an uncomfortable Remainer and now an uncomfortable Brexiter, had no answer to this, resorting to the cliche that the government spends more every year on the NHS. This, like so many of the answers trotted out by her (also uncomfortable) team is an example of what Dr Johnson might have called “a last refuge of the political scoundrel”.
The crisis arises because the increase in NHS spending each year is nowhere near enough to meet the well-known demands on the service. As I understand it, extra NHS spending is running at no more than 1% a year in “real” – ie inflation-adjusted – terms, whereas merely to avoid going backwards the service needs an annual real-terms increase of 4%.
MANILA (Reuters) – Philippine police on Sunday identified the gunman behind an attack on a casino that killed 36 people as a heavily indebted local man addicted to gambling, ruling out any involvement by Islamic militants.
MEXICO CITY (Reuters) – Struggling to halt a run of electoral losses, Mexico’s ruling party squares off against its main leftist rival in a major state election on Sunday that could prove a dry run for next year’s presidential contest.
WASHINGTON (Reuters) – The Trump administration is considering possible sanctions on Venezuela’s vital energy sector, including state oil company PDVSA, senior White House officials said, in what would be a major escalation of U.S. efforts to pressure the country’s embattled leftist government amid a crackdown on the opposition.
ABU, Japan (Reuters) – About 100 school children and their parents are holding a clean-up on the field of the local elementary school in this small fishing and farming town, when an alarm warns of an impending missile attack and they run for the school gymnasium.
TAIPEI (Reuters) – Taiwan’s president offered on Sunday to help China transition to democracy, on the anniversary of China’s bloody crackdown on student-led pro-democracy protests in and around Beijing’s Tiananmen Square.
WASHINGTON (Reuters) – U.S. President Donald Trump took to Twitter amid the unfolding deadly drama in London on Saturday to offer U.S. help to Britain and to promote his controversial travel ban as an extra level of security for Americans.
Residents of the new London City Island live less than 30 minutes away from central London.
Michael Liebreich (@MLiebreich) is Chairman of the Advisory Board at Bloomberg New Energy Finance, a company he founded in 2004 that was acquired by Bloomberg L.P. in 2009. Following Donald Trump’s decision to withdraw from the Paris Climate Accord, joining Syria and Nicaragua, he posted a 10-part Tweet storm. It is a very counter-intuitive, second…
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