UK Economy … Politicians hope fracking will provide relief

There has been much said about the potential dividends of fracking to the UK economy. Councils are being offered inducements to give planning permission for fracking in their areas, to counteract the strong opposition or "nimbism" that is evident. We are told it is safe and carries little risk. What about: North Dakota or Exploding …

UK Economy … Pizza Express sale a bad sign!

While I believe in Globalisation as the ultimate route to peace in the world, there are many thorny issues along the bumpy way. UK Economic policy has focused on Government deficit since the credit crunch, instead of the wider issue … our trade deficit. We can only "pay our way"  in the world by keeping …

UK Economy … Is growth sustainable?

The general call from politicians and economic commentators is for growth. We all instinctively accept this will solve our economic problems and somehow believe that growth is always possible and within the capability of our politicians to engineer. Alas, sadly our belief is misplaced! Before continuing let us examine growth. Growth like many other words …

UK Monetary system … severe case of constipation

  In creating our model we saw that its sustainability was dependent on two factors. Firstly imports should equal exports over the medium term, and secondly that a natural flow of money from consumer to producer and back to consumer needed to exist.     In the case of the UK, currently, neither of those …

UK Monetary System … Misfiring on some cylinders!

Having read our model, we can take a closer look at our economy and monetary system. It is only once we get rid of all our preconceptions that we can understand and reach rational conclusions, and then only if we can free ourselves from our own vested interests.   The economy is about Money.   …

Economics … Monetary System and GDP explained

To understand economic issues, we need some understanding of GDP and the monetary system. I have constructed a few simple tables based on a primitive economy that should help to show what GDP actually is, and demonstrate how the monetary system works … you might even be able to conclude that “there is no money!” …

Amazon … a closer look

As I am about to publish a blog on an alternative tax system I thought I should put the Amazon Tax situation down on paper. The mechanics they have used are broadly categorised as Transfer Payments, and range from overstating invoice prices, to paying fees out of the country. The negative impact on our economy …

UK Politicians … not fit for purpose

We effectively have four Political Parties, not one of them has shown any signs of leadership that could bring the UK economy out of it's malaise. There is a singular lack of ideas, they trade in  platitudes and half truths. They pander to the media … just generally we have to say "They are not …

Green shoots?

We hear the pundits talking about green shoots, and listen to the commentators pointing to rises in Stock Exchange prices and hope that things are improving … but are they? We need to understand that there are in fact two economies. A real economy and a speculative economy. It is the speculative economy that is …

The Alternative Budget

I guess it is always easier to criticise, however this is not meant as a criticism of Alistair Darling’s budget, which under the circumstances was about the best he could do. He was faced with a quandry similar to the nursery rhyme which went something like this; “Old Mother Hubbard went to the cupboard, but …