Blain’s Morning Porridge July 31st, 2026“Judge me by how many times I fell down and got right back up again.”Fifty years of political dither leaves the UK looking broken. Faced with massive constrains from taxation and bond markets, there are limited choices from tinkering with spending while trying to look good enough ahead of the next election. Britain needs something more radical – and a complete reform of the system and process. Key Takeaways The steepness of yield curves reflects not only inflation concerns, but rising doubts on political stability.Long-term sustainability of bond markets relies on political credibility.The UK’s major problem is not political policy – but the bureaucracy and process around it.Lubricate the wheels of the economy by fixing the process and it will work better.Housing could be a great example of how to boost the economy.You can read the Morning Porridge by subscribing on ⁠www.morningporridge.com⁠, and have it delivered fresh to your inbox every morning!

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“What did the council decide on item 42?” — answered with the speaker and the moment.

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