If the war lasts a few years at most, the Chancellor can take the hit. If it’s a new normal that lasts for decades, the outlook is grim.
It should remain a long-term aim but ensuring that we can generate the energy we need without a reliance on overseas sources should come first.
If we do not taking our commitments to defend our values seriously, the world will swiftly become a much more dangerous place.
Although we should arm Ukraine, we should not fan the flames of a wider European war – but tighten our economic grip in a way never before seen.
The President’s words to Congress were warm and embracing of the “freedom-loving” resistance. But those closer to the action have more to lose.
And if he is strong and the West weak, why has his Ukraine invasion gone wrong – and why are our governments showing unity and resolution?
Higher interest rates may slow the world economy later this year and early next. Recession is even possible for the UK.
Britain’s calling is to lead the Anglosphere, a great power almost no one has given nearly enough thought about.
Watch in particular for interaction between Ukrainian refugees and small boats as the year lengthens.
We’ve trained 22,000 members of the Ukrainian armed forces under Operation Orbital since 2015 – and have sent over 2,000 anti-tank missiles.
“I would expect to see a boost to defence” as “the government must respond to increased threats to the UK”, says the Shadow Defence Secretary.
Geopolitical risks create uncertainty in energy markets as reliability is questioned, pushing up prices and creating resistance to climate change goals.
Ministers should do nothing to make a coup less likely as the country’s elites come to terms with the consequences of war.
The conventional war on the Central European landmass unfolding before us is a massive international event – comparable in security terms to a 9/11.
His Mais lecture revealed more about what he’d be like as Chancellor during the normal times that once again are denied us.