January 2023 will be a critical month

In May I drew attention to 1978 and how, at least in overall economic terms, we seem to have arrived back at that year. Some of the latest headlines seem to reinforce that year’s Winter of Discontent: uncollected rubbish on the streets (of Edinburgh), and a country beset by strikes – actual and threatened – from railway workers and postmen, to barristers, and teachers.

Is that the worst of it? I fear not. My current Heat Map – which I feature in my latest Monthly Briefing Report, published last week, and now available on annual or monthly subscription - is pulsing red over the next few months with January being a critical period.

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