Tag Archives: downturn

Booming Britain

Economic recovery is now widely accepted as well underway. Turns out there was no double dip and growth has been better than expected so far this year. The week-end papers are full of stories of recovery in the services sector, … Continue reading

Posted in Uncategorized | Tagged , , , , , , , , , , | Leave a comment

Optimism bias

The number of over 65s working has topped a million for the first time. They’re needed because – apparently – the UK is running out of workers. 13.5m vacancies will be created in the next two years and only 7m … Continue reading

Posted in Uncategorized | Tagged , , , , , , | Leave a comment

Black Monday anyone?

Jitters this week as fears that central banks may ease off on the helium blast of QE which has pumped the stock markets to post-crash highs. Gyrations on a Friday can presage big falls once sentiment shifts over a weekend. … Continue reading

Posted in Uncategorized | Tagged , , , | Leave a comment

Or maybe not – the curse of the zombies and threat of a triple dip

The one ray of hope lately has been the low level of inflation. But the BoE extinguished that one this week with news that prices are heading up at a faster rate and are outstripping wage growth again. Inflation in October … Continue reading

Posted in Uncategorized | Tagged , , , , , , , | Leave a comment

Recession over!

Great fanfares have greeted a full 1% growth in output over the summer – due in no small measure to the Olympic Games. But the downbeats are not so easily impressed – here’s nef on why a recovery, if it … Continue reading

Posted in Uncategorized | Tagged , , , , , , , , | Leave a comment

Jobs without growth

One of the many bizarre notions in orthodox economic theory is that workers make free decisions about how much labour they ‘choose’ to provide. If that theory applied in the UK today, it would have to explain why people are … Continue reading

Posted in Uncategorized | Tagged , , , , | Leave a comment

Demand more not more demand

Last week’s major UK economic news was the publication of trade figures showing exports failing to drive the economy back towards growth. What caught my eye was exports falling in every one of the UK’s 10 biggest markets – so not a … Continue reading

Posted in Uncategorized | Tagged , , , , , , , , , , , | Leave a comment