Venezuela’s collapse stems from political failure, not lack of resources, and that reviving oil production with US backing could rapidly restore growth. It suggests outcomes ranging from new elections to the controversial but plausible scenario of Venezuela becoming a US protectorate to ensure stability and investment.
The UK economy is faltering, with rising unemployment, weak private-sector growth, and record-low business confidence. Labour’s industrial strategy has yet to deliver, leaving economic and political pressure mounting. Restoring confidence will require targeted business support, clearer regulation, and credible pro-growth policies.
On the first of January, the Labour Party announced its new deal for employees, contingent on their expected victory in the next election. Currently projected at an 88% likelihood of winning, businesses will need to review and update employee contracts to comply with the new regulations. Unsurprisingly, law firms are rapidly recruiting to bolster their employment teams faster than other practice areas.
