Category Archives: UK Economy

Discussions specifically about the UK economy.

Central banks can sometimes generate higher inflation

I haven’t much time today with travel commitments coming up at later. But I filed this story away earlier in the week in my ‘nonsense’ list but with a note that it contained a lesson, which would help people understand … Read the rest of this entry »

Posted in Economics, Eurozone, UK Economy, US economy | 18 Comments

UK labour market continues to impoverish its workers

While a lot of focus is given to the necessary reform of the financial sector – like declaring all financial transactions that do not support the real economy (which is about 97 per cent of the total) illegal, there is … Read the rest of this entry »

Posted in UK Economy | 7 Comments

The UK recovery is a false dawn

A few weeks ago (October 1, 2014), I wrote in this blog – British economic growth shows that on-going deficits work – that the British Chancellor was overseeing an expanding fiscal deficit and public debt ratio, which despite the rhetoric … Read the rest of this entry »

Posted in Friends like this, UK Economy | 21 Comments

British economic growth shows that on-going deficits work

In Australia, the Federal Treasurer announced today that they would be making further spending cuts to the fiscal position of the government in the mid-year statement to pay for “an increase in funding for security agencies” and its onslaught against … Read the rest of this entry »

Posted in UK Economy | 7 Comments

CEO pay still out of control

On September 15, 2014, the Melbourne Age article – Workers can forget about big pay rises for some time to come – summarised the wages outlook that workers can expect in the coming year as the labour market weakens. Its … Read the rest of this entry »

Posted in Labour costs, UK Economy, US economy | 6 Comments

Real GDP growth now requires less energy but is that the point?

Regular readers will know that I am pro-growth – economic growth that is. I get criticised for saying that by Greens and such because they only consider GDP growth within their own economic paradigm, which is tainted, if only subconsciously, … Read the rest of this entry »

Posted in Climate change, Economics, UK Economy | 33 Comments

Intergenerational fairness improved by fiscal deficits

There was an interesting article in the UK Guardian today (August 6, 2014) – Debt and housing costs make young worse off than past generations – which reported on the so-called ‘intergenerational fairness index’ published by the – Intergenerational Foundation, … Read the rest of this entry »

Posted in Economics, UK Economy | 15 Comments

Britain has not recovered the losses caused by the GFC

As a followup to Monday’s blog – UK growth not all that it seems – there was an additional issue that is worth exploring about the ONS data publication, given that the financial and economics commentators seem to mislead their … Read the rest of this entry »

Posted in Britain, UK Economy | 7 Comments

UK growth not all that it seems

The British Office of National Statistics published the – Gross Domestic Product Preliminary Estimate, Q2 2014 – last Friday (July 25, 2014), which showed that real GDP growth was 0.8 per cent in the second-quarter building on the same result … Read the rest of this entry »

Posted in UK Economy | 4 Comments

When you’ve got friends like this – Part 11

I received two E-mails yesterday informing me that at the upcoming NSW State Labor Conference (this weekend) the delegates would be asked to vote for the inclusion of a Federal Job Guarantee, along the lines that I have been working … Read the rest of this entry »

Posted in Friends like this, UK Economy | 19 Comments