2025-01-24
21 分钟THE Economist hello and welcome to the Intelligence from the Economist.
I'm your host, Jason Palmer.
Every weekday we provide a fresh perspective on the events shaping your world.
An overwhelming number of countries have some kind of national day, a celebration of their founding or independence or the overthrow of tyranny.
In Australia, the celebrations have been getting increasingly fraught and now they're getting political.
And we'd like to introduce you to Archive 1945.
It's a new interactive series that sifts through the annals of the Economist and revives the history of 80 years ago, when the Second World War was starting to come to a dramatic close.
First up though.
We did it.
When Britain's Labour Party won in last summer's election, optimism abounded.
I don't have to tell you that the previous few years had been economically tricky and growth has been sickly for nearly two decades.
The hoped for savior came in the form of Rachel Reeves, the new Chancellor of the Exchequer.
Now, a bit more than 200 days into the new Labour government, the optimism has faded.
Growth has gone nowhere.
And just about nobody liked what was in miss Reeves little red box of plans.
Presented in October, this budget raises taxes by 40 billion pounds.
Investors are reading the room.
A sell off in bonds ramped up in the first days of this year.
It spiked.
Yields on long dated British government bonds are at their highest in decades.