Category Archives: UK Economy

Discussions specifically about the UK economy.

British Labour has to break out of the neo-liberal ‘cost’ framing trap

The other day I read a report in the UK Guardian (April 6, 2017) – Jeremy Corbyn: add VAT to private education fees to fund school meals – which appeared to signal that the world has gone mad. Today, I … Read the rest of this entry »

Posted in Britain, UK Economy | 30 Comments

Household debt in Britain on the rise – lessons not learned

Economic debate in Britain in the last year or so has been dominated by the Brexit issue. Both sides of the debate have swamped the public with claims and counterclaims that mostly just seek to confuse. My position was clear … Read the rest of this entry »

Posted in Britain, UK Economy | 13 Comments

When progressives become neo-liberals and create a Trump

When you have a madman sounding, well “presidential” (according to the obsequious US press) what would you expect a Democrat politician to say in response? Yes I am talking about the Democratic response to the speech given by the US … Read the rest of this entry »

Posted in Britain, Demise of the Left, Politics, UK Economy, US economy | 27 Comments

There is hope – neo-liberalism is an historical aberration

Another lesson from history coming up. People of my generation studied the great books by Charles Dickens, which apart from their literary form, left an indelible impression of life in England during the period covered by the 1834 Poor Law. … Read the rest of this entry »

Posted in Britain, Economics, UK Economy | 19 Comments

The (neo-liberal) Third Way infestation continues

“Fresh thinking delivered to your inbox – Subscribe”. That is the message on the home page of Third Way an American think tank (aka conservative propaganda machine) masquerading in the public space as a “centrist think tank”. The problem is … Read the rest of this entry »

Posted in Britain, Demise of the Left, UK Economy, US economy | 20 Comments

Executive pay bears no relationship to company performance

On December 27, 2016, the British CFA Society (an organisation representing Chartered Financial Analysts) released an interesting report that they had commissioned from academic researchers at the Lancaster University Management School. The Report – An Analysis of CEO Pay Arrangements … Read the rest of this entry »

Posted in Britain, Economics, Labour costs, UK Economy | 3 Comments

Policy changes needed to arrest decline in fortunes for low-pay British workers

Its hard to keep track of the variety of ways that this neo-liberal era has screwed workers. The latest report from the UK Institute of Fiscal Studies (January 13, 2017) – Two decades of income inequality in Britain: the role … Read the rest of this entry »

Posted in Britain, UK Economy | 14 Comments

The Left lacks courage and is riddled with inferiority complexes

When the British people voted to leave the dysfunctional European Union on June 23, 2016, I saw it as a massive opportunity for progressive forces to shed the neo-liberal chains that they have become enslaved by and narrate a new, … Read the rest of this entry »

Posted in Britain, Demise of the Left, UK Economy | 34 Comments

Austerity is the problem for Britain not Brexit

Regular readers will know that I firmly supported the LEAVE vote in the British referendum in June 2016 even though that was somewhat gratuitous given I am neither a British citizen or live there. It was one of those academic … Read the rest of this entry »

Posted in Britain, UK Economy | 20 Comments

Our affect is driving us back to a need for continuous fiscal deficits

The field of psychology is usually ignored by mainstream economists, which, in its typically arrogant and closed practice, adopts a series of a priori assumptions about human behaviour – the so-called Homo economicus – where were are always rational and … Read the rest of this entry »

Posted in Britain, Economics, Fiscal Statements, UK Economy, US economy | 11 Comments