What a year 2023 has been. We might have missed the kind of rollercoaster ride of the last days of Boris Johnson, with Partygate, Pinchergate, and infinite resignations moving relentlessly on to the Kami-Kwasi mini-Budget, and the unlikely rise and predictable fall of Liz Truss. But while the so-called grown-ups might be back in charge, 2023 hasn’t exactly been a smooth ride, either.
In the UK, the cost-of-living crisis continues to bite as real wages remain below the dizzy heights of, er, 2008. We’re now into a second decade of living standards stagnation: we’ve got low growth, poor productivity, and a generalised sense of impending doom-and-gloom. And all in time for Christmas.
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