PA - Global Macro

PA - Global Macro

From the Iron Lady to the Porcelain Mister

Part 2

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PA - Global Macro
Nov 13, 2025
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In the first piece, we revisited Margaret Thatcher’s legacy — her economic toughness, political clarity, and the principles that pulled Britain out of decline. This time, we shift sharply into the present. Part two of the series turns to Keir Starmer’s government, which is grappling with stagnation, surging bond yields, and rising public doubt. We’ll unpack the macro risks, fiscal traps, and why the market’s patience is running thin. If Thatcher led with conviction, Starmer, I fear, is leading with confusion. Let’s get into it.

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