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The UK is a cautionary tale for the U.S.
Noah Smith

The UK is a cautionary tale for the U.S.

16 insights saved from this article by @money
  1. @money
    After 2008, British austerity slashed health-care capital spending and left NHS buildings and facilities deteriorating.
  2. @money
    Hinkley Point C’s environmental assessment spans 31,401 pages and includes a £700 million underwater “fish disco.”
  3. @money
    In 2023, one in ten people in Britain reported doing their own dental work, including extracting teeth or gluing crowns.
  4. @money
    An HS2 rare-bat structure in Buckinghamshire required 8,000 permits and cost £216 million.
  5. @money
    Britain spent 32 years and £179 million planning a Stonehenge traffic tunnel before abandoning it.
  6. @money
    Mississippi and the UK have roughly equal GDP PPP incomes at about $56,000 per person, despite different health outcomes.
  7. @money
    After British austerity, long-term child poverty rose from 14 to 23 percent, while doctors reported rickets and scurvy.
  8. @money
    The NHS spends more settling maternity-malpractice claims than providing maternity care, while dental care remains unaffordable or unavailable.
  9. @money
    Britain’s remaining HS2 route from Birmingham to a non-central London terminus may not open until 2040.
  10. @money
    A 2024 UK government report linked austerity to crumbling NHS buildings and vermin-infested mental-health accommodations.
  11. @money
    High energy costs make British industry uncompetitive and force households to consume less energy.
  12. @money
    A finance-dominated economy can crowd out productive capacity and become dangerously unstable.

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