Category Archives: UK Economy

Discussions specifically about the UK economy.

Prime Minister Corbyn should have no fears from global capital markets

It is clear that the British Tories are looking like the tawdry lot they are as the infighting over the leadership goes on, more often rising to the surface these days as wannabees circle the failing leader Therese May. Her … Read the rest of this entry »

Posted in Britain, Capital controls, IMF, UK Economy | 31 Comments

A former UK Chancellor attempts to save face and just becomes confused

On May 6, 1997, just 4 days after coming to office in what was to become Tony Blair’s retrogressive regime, the then British Labour Chancellor Gordon Brown announced that Labour would legislate the so-called independence of the Bank of England. … Read the rest of this entry »

Posted in Britain, Central banking, Fiscal Statements, UK Economy | 6 Comments

British employers exhibit on-going greed but lie about it

One of the abiding and recurring trends, accentuated in the neo-liberal era, is the apparent ‘concern’ for the low-paid by the captains of industry. They continually warn against allowing pay increases for this cohort because they are – so the … Read the rest of this entry »

Posted in Britain, Labour costs, UK Economy | 15 Comments

Disturbing pay trends in Britain

Earlier this month (July 3, 2017) the British Office of National Statistics (ONS) released a research report – Wage growth in Pay Review Body Occupations – which basically summarises what has gone wrong with the world under neo-liberalism. While the … Read the rest of this entry »

Posted in Britain, Labour costs, UK Economy | 11 Comments

Something is rotten in the state of … Britain

When I was trawling through the British fiscal statements in 2010 and 2011, hidden in all the detail (an obscure Annexe) was a very explicit statement that told me that the British government was inflicting austerity on the economy and … Read the rest of this entry »

Posted in Britain, UK Economy | 15 Comments

There is a true oppositional Left forming and gaining political traction

I have avoided discussing the British and French parliamentary elections to date, mostly because I couldn’t stomach the outcomes – May back and the neo-liberal Macron dominant. I also was tired of reading stupid columns from the likes of William … Read the rest of this entry »

Posted in Britain, Eurozone, Politics, UK Economy | 41 Comments

Britain’s labour market showing no Brexit anxiety yet

I have been keeping my eye on movements in the British data to see if there is any discernable effects yet of the June 2016 Brexit outcome. The latest investment data certainly doesn’t suggest anything is going on yet. The … Read the rest of this entry »

Posted in Britain, UK Economy | 3 Comments

Why Britain should not worry about Brexit-motivated bank relocations

On April 26, 2017, some smarta*!se journalists wrote a Bloomberg piece – The Brexit Banker Exodus Gains Momentum – with some not-so fancy graphics purporting to show where the “U.K. banking jobs might be headed” allegedly because Britain is to … Read the rest of this entry »

Posted in Britain, UK Economy | 22 Comments

Resistance and change doesn’t come from going along with the (neo-liberal) pack

I get a lot of E-mails that accuse me of being politically naive. The accusations were rekindled by yesterday’s blog – British labour lost in a neo-liberal haze. I imagine if I wrote a blog where I outlined support for … Read the rest of this entry »

Posted in Britain, Debriefing 101, Economics, UK Economy | 65 Comments

British labour lost in a neo-liberal haze

There was an exchange in the British House of Commons a few weeks ago (sitting on April 19, 2017), which really summarised why the Tories will win the British election and why Jeremy Corbyn has led the Labour Party there … Read the rest of this entry »

Posted in Britain, Debriefing 101, Demise of the Left, UK Economy | 19 Comments