Post Brexit possibilty?

For people like the Labour supporting businessman John Mills, Brexit was mostly about getting the value of the pound down in order to increase exports. ‘This is Money’ reports that His Brexit beliefs stem from his economic outlook. For Mills, Britain has thrown away its industrial manufacturing past and needs to rebuild its status as… Read more

The cult comes first

Amid news that the pound has sunk to a 28 month low on no deal Brexit fears, I thought I should revisit an oldish report from the Institute for Policy Research, which pointed out that: The decoupling between wages and growth coincides precisely with the UK’s trade (and current account) deficit. The UK’s debts to… Read more

Both the deficit and borrowing are clearly important for the Tories

If not in the way we usually think. Just look at these counterintuitive figures: Plus we now know that the ‘debt’ has increased under Conservative governments from £759 billion to £1.7 trillion. But nobody ever mentions it – presumably because this keeps the financial sector happy. Yet the government ‘deficit’ – often referred to as… Read more

Media myopia isn’t the only crime – but it is one of the worst

While all eyes are turned upon the possibility of preventing a proroguing of Parliament (the spoof twitter account ‘Not Boris Johnson’ is currently thanking the 274 MPs who voted in favour of him closing down Parliament and running a dictatorship instead, whilst ‘Our future our choice’ has, wonderfully, dubbed Johnson as Trump with a Thesaurus),… Read more

Non inflationary Basic Income

By putting a price on everything in terms of monetary value, we devalue the things that cannot effectively be priced. This is a rough quote from Professor Guy Standing, he of Universal Income fame, from a recent ‘Renegade Inc’ interview. So happiness is both priceless and worthless. Anyway Professor Guy Standing has produced a report… Read more

Why any job guarantee is a bit suspect

There is an excellent article on Vox reviewing David Greaber’s ideas on ‘Bullshit Jobs. “The point of an economy should be to maximize leisure in order to pursue passions, not “make work.” This is also, I’d suggest, effectively Mariana Mazzucato, who infoms that the state usually creates the origination, as it were, of most original… Read more