Brexit has gone far enough. Here is a brief summary of UK economy. Primary Industry: Financial Services. This is arguably the least dependent on Trade deals in that most the Banking Institutions already have subsidiaries in all the markets to which they do not have direct access. It is unlikely that any trade deal …
"Brexit means Brexit" Even to the simplest mind Brexit should mean that Britain is exiting from the EU, however, as the dust around the referendum begins to settle, we are no closer to a clear view of what it actually means. What does the other side of the EU look like? Let us look at …
Current Account. The current account of a country, is arguably the most important statistic. It is made up of the money flows in and out of the country, excluding foreign borrowings/loans and inward and outward investment. If the current account is in balance or equal to zero we would, in economic terms, say that the …
Brexit unforeseen consequences? To believe in one's own abilities is both natural and good, however we should always temper that self belief with the knowledge that "after pride cometh the fall". While, it is increasingly becoming clear, the UK will vote to "Brexit" and there is nothing to suggest that we cannot succeed by going …
To Brexit or not to Brexit, whether Cameron is cutting it, or Boris is blowing it. How can we know? By and large our media is Eurosceptic, dominated as it is by Murdoch. It is difficult to understand how the media can play it's role as the "fourth estate" in providing one of the checks …
The Chinese £6 billion investment in the Hinkley Point Nuclear plant, has been hailed as a coupe for George Osborne arising from his rather extensive trip to China. Certainly the indication of China being prepared to invest a further £3 billion in UK infra structure projects sounds enticing. However, are they not just extracting a …
Osborne has shown, yet again, that he has no creativity nor ability to foresee the consequences of his actions. While the UK desperately needs to be investing in it's infra-structure, all he can come up with is to try and hi-jack the Milliband election manisfesto pledge on building and infra-structure development. While this is indeed …
Very little that happens in life is purely serendipitous, totally without cause or effect. Sometimes we might have to rely on chaos theory and blame the storm on a butterfly flapping it's wings in another part of the world. What has always surprised me, however, is our singular inability to learn from history. I would …
I have always tended to analyze National Statistics in my own particular way. My interest or purpose is somewhat different, I am not so much interested in the absolute figure for GDP, or the growth inferred, but, the money flows and how well the economy is doing in terms of generating wealth. The 2014 UK …
International trade is a barter system! We pay for our imports, not with money, but, with the goods we export. While we might perceive that we have paid for imports with money, this is an illusion … We can illustrate this best by considering an export. Assume we export some goods to the USA, the …