A 2026 change in leadership in the United Kingdom (UK) triggered by a no-confidence vote, brings up the issue of what policies might be expected from the new Labor Government, potentially headed by Andy Burnham, champion of the Green New Deal UK. One of the core goals of the Green New Deal UK (see Notes below), based on analogies to the 1930s New Deal in the US, is to restructure the UK Financial Sector.
In this post, I am going to present an index of UK Financialization (FINZ) and how it might be affected by various Geopolitical Alignments as a result of Brexit, Britain leaving the European Union (EU).
The graphic above shows five possible Geopolitical Alignments and how they might affect the FINZ1 index (see Notes below, the growth component). Business-as-Usual (BAU) creates unlimited growth in the Financial Sector while other alignments (a Random Walk, RW, the US, the World System, W, and the EU) stabilize or contract the Financial Sector. The biggest contraction comes from alignment with the EU, which may have been another motivation for Brexit.
Notes
- A Green New Deal First Report of the Green new Deal Group
- Stern Review (2006): The Economics of Climate Change
- The Global Justice Report A plan for equality and prosperity within Planetary boundaries.
UKL20 FINZ Indicator Codes
UKL20 FINZ Measurement Model
AI
No comments:
Post a Comment