The Co-operative Bank is not Co-operative at all, but real Co-operative Banking is now possible in the UK

It is a fact not universally acknowledged that the Co-op Bank never has been itself a Co-op. It was a bank originally owned by the CRS as a way of providing economical banking for their own retail operations. This was a surprise discovery made after attending a recent lecture by Tony Greenham who looks after… Read more

Reclaiming the debate on poverty

In reading articles about economic poverty I am struck by the fact that most discussion focuses on the ways that spending power and material choice are limited for people with low incomes. In this paper I want to focus on the effects of poverty on the individual. I have not approached this as an academic… Read more

Graph of the day

The Institute of Fiscal Studies has helpfully done an analysis of the manifesto proposals of the main parties (see here). The graph below is their analysis of how current Conservative plans will influence the income of people in different parts of the income distribution. It shows, the richest 10% just about managing, while the poorest… Read more

Economics 101

One of the core aims of  Progressive Pulse is to increase economic literacy and in particular macroeconomic literacy. To help in this you may have noticed that some posts are being labelled “Economics 101”. you simply need to click on the “Economics 101” tag at the top left of this post (under my mugshot and… Read more

Wonders to Perform

It must have started with Adam Smith’s ‘invisible hand’. As Conventional religion has gradually declined, the Economy seems to have risen to a greater and greater importance and taken its place. Fortunately, most of us can still feel good because the Economy has most of the ingredients of a religion: jargon, ‘high priest’ specialists, holy… Read more

Follow the money

There is one simple rule that most economists agree on: prosperity = productivity The Chancellor understands this – productivity was mentioned 10 times in his recent Spring Budget speech. He said: Simply put, higher productivity means higher pay. and went on to say that Britain’s problem is a productivity problem We are 35% behind Germany and… Read more