Category Archives: UK Economy

Discussions specifically about the UK economy.

British government has failed to “rebalance” the economy

In April 2013, I wrote a blog – The March of the Makers – out! – in reference to the failed mission (at that time) of the UK government to base growth on an export boom. The Chancellor’s 2011 Budget … Read the rest of this entry »

Posted in UK Economy | 5 Comments

Bonnie Scotland – ignorance or denial – either way it is fraught

There was an article in the UK Guardian (October 29, 2013) – Mainstream economics is in denial: the world has changed, which reported that the economics profession had been “stupidly cocky before the crash” and “had learned no lesson since”. … Read the rest of this entry »

Posted in UK Economy | 32 Comments

Poverty rates rise in the UK as low income households bear austerity burden

Over the weekend, I was reading the new report from the British Social Mobility and Child Poverty Commission – State of the Nation 2013: social mobility and child poverty in Great Britain – which has just been presented to the … Read the rest of this entry »

Posted in UK Economy | 27 Comments

Close the borders – gangs of benefit cheats are coming!

So the American conservatives wimped out again after a month or so of mindless bluster and hot air. The only problem is that their posturing, in itself, causes damage to the economy. It’s interesting that the conservative economists keep harping … Read the rest of this entry »

Posted in Economics, UK Economy | 23 Comments

Careful before you leap!

The triumphalism of British Chancellor George Osborne in recent weeks, as a modicum of positive economic news seeps out of the – Old Dart – or should I say Britain (given the Old Dart strictly refers to England), is almost … Read the rest of this entry »

Posted in Eurozone, UK Economy, US economy | 16 Comments

UK workfare plans just show how mean-spirited and ignorant we are

The UK Chancellor George Osborne told the delegates at the 2013 Conservative National Conference in Manchester yesterday that he was ending the culture of getting “something for nothing”. In his – Speech – the Chancellor claimed that “no one will … Read the rest of this entry »

Posted in Economics, Job Guarantee, UK Economy | 36 Comments

If you think you know what ‘debt’ is, read on

The title is stolen from the UK Guardian article (July 29, 2013) – If you think you know what ‘debt’ is, read on – by one Alex Andreou. The title suggests he knows the real issues regarding public and private … Read the rest of this entry »

Posted in Friends like this, UK Economy | 16 Comments

UK economy grows and so does its budget deficit

So the UK grew by 0.6 per cent in the June-quarter 2013 on a seasonally-adjusted basis. The conservatives are crowing as hard as they can that fiscal austerity has cleared the decks for a private sector recovery. We believe them … Read the rest of this entry »

Posted in UK Economy | 5 Comments

The British agenda to bring workers to their knees is well advanced

In Australia, 84 per cent of jobs created in the last 6 months have been part-time and underemployment has risen since February 2008 (the low-point in the last cycle) from 666.3 thousand (5.9 per cent) to 908.6 thousand (7.4 per … Read the rest of this entry »

Posted in UK Economy | 11 Comments

British Labour – light years away from 1945 on another planet

The problem of living in Darwin some of the time is that the normal day to day travel that one engages in while pursuing professional life becomes very onerous. It is a four hour flight to any of the capital … Read the rest of this entry »

Posted in UK Economy | 25 Comments