The latest UK economic figures are uncomfortable in fiscal terms but do back up the astrology, which in a perverse way is reassuring. Statistics up at stratospheric levels tend not to mean much but the gross debt is £2.2 trillion as of December 2020, equivalent to 104.5 per cent of GDP and 13.7 per cent above the average across EU states. UK indebtedness as a proportion of GDP is two-and a half times higher than at the height of the 2008 crash and UK government debt is now at a rate not seen since the early 1960s. The UK’s national debt has grown far faster than its European neighbours, with the 2008 crisis hitting the UK harder than elsewhere.
In 2020 – ‘the UK recorded the fourth-largest rise in government borrowing among 35 large economies last year, after experiencing one of the worst recessions in the group and suffering among the highest coronavirus infection rates.’
Taxpayers will be liable for the cost of the government’s pandemic measures circa £372bn in May, with billions likely on bad loans, as well as eye-watering amounts thrown at PPE, substantial amounts of which are useless, not arrived or not unpacked.
What was always a concern was tr Uranus moving into the UK’s financial 8th house from 2019 onwards till circa 2027 which is normally erratic and unpredictable in terms of economic and trade stability. What makes it more complicated for the UK is the 8th house Mars in Taurus opposition Neptune in the personal financial 2nd house square Venus in Aquarius in the speculative 5th opposition Saturn in the 11th. So all the financial houses populated by Fixed planets are due for a Uranus shake-up, jolting and jangling from this year for the next four or five.
Tr Uranus is conjunct the Mars this year into early 2022; and then moves to square the Venus and opposes the Neptune in 2022 into 2023. There also a road-blocked Solar Arc Pluto square the UK Sun late 2022/early 2023; with a disruptive Solar Arc Saturn opposition Uranus in 2023; and more financial disruptions of a major order in 2024/25 with Solar Arc Uranus conjunct the UK 8th house Mars.
2023 with tr Uranus square the Saturn could also see radical changes to the legislature in Parliament as well as sudden changes of future direction.
The Bank of England chart, 27 July 1694 JC, points to 2023 to 2026 as the fraught, high-risk and nerve-stretching years. A gloss may be thrown over harsh realities initially in 2023 with Solar Arc Jupiter conjunct the financial Venus. But what follows won’t be disguisable. Tr Pluto is in a trapped, frustrating, scary square to the BofE Mars in 2023/2024 (the first Pluto hard aspect since 2008), along with a discouraging, deprived, dead-halt Solar Arc Pluto opposition Saturn also in 2023. Then the Saturn Neptune conjunction in Aries of 2025/26 opposes the Mars which won’t be fun either; having been square the Saturn the year before.
What will help reboot morale on the UK chart is tr Pluto square the Jupiter and trine Uranus in 2024/2025. At that point green shoots will appear.
Thanks Marjorie, this is really illuminating. I wondered what you think about the transit of Uranus in Taurus in the 1930’s? In 1939 Uranus at 14 Taurus was square the Bank’s Sun, while tr Neptune in Virgo was opposing the Bank’s own Neptune. Pluto just into Leo was about to mark a Pluto return for the Bank, opposing UK Jupiter.
The late 1930’s had Pluto in Cancer, opposing its current position, Neptune in Virgo opposing its current position, and Jupiter moving from Aquarius into Pisces by 1938. I’m curious about these variations on what seems to be a theme. I know the past transit of Uranus in Taurus coincided with the massive UK interwar house building boom, amongst many other things.
As ever, Marjorie, you are superb.
Many thanks for your wisdom, insights, and nail-on-the-head commonsense.
So refreshing.
This is very interesting. How it will play out in real terms is hard to predict, of course, but I am willing to wager than 2023 will see the abolition of the House of Lords (or its downgrading to a toothless body) along with more controls placed on the judiciary thereby muzzling the courts so the government can further avoid any form of scrutiny or accountability. I also wonder, given all of this, if the London Stock Exchange could start to go into decline as major investors move their business to markets elsewhere in the world. A number of trading houses have already moved to places such as Franfurt, Paris or Amsterdam. More may well follow if there is no agreement with the EU on financial services, something which this government seems to find unimportant.
I fear it is all going to get a lot worse for the Uk before some kind of sanity returns. But I am a perplexed outsider now, I can only look on with grave concern for the future of my once internationally respected home country.
Hi Marjorie,
Thank you for great read. Would you please also put a similar reading on US economy?
A fine Sunday morning read. Thank you!
Sunday morning. No need for a newspaper Marjorie.