Category Archives: UK Economy

Discussions specifically about the UK economy.

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 | 5 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

Pre-crisis dynamics building again in Britain

The UK Guardian article – Britain’s economy returns to pre-crisis strength earlier than expected (June 30, 2014) was interesting, especially in the light of the major revisions that the Office of National Statistics has announced, which suggest the loss of … Read the rest of this entry »

Posted in UK Economy | 10 Comments

17 inch-long pigeon spikes – out of sight, out of mind

I was happy this morning and then I thought about the spikes that I had read about last week. Those 17-inch spikes didn’t improve my mood. They are symbols of how successful the neo-liberal period has been in dissolving the … Read the rest of this entry »

Posted in UK Economy | 8 Comments

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 | 24 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