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Monthly Archives: May 2017

Is the UK economy plunging into recession?

UK recession 2017

The problem with recessions is that you don’t know you’re in one until it is too late.  That is because nobody actually knows what the economy is doing right now.  We have to wait until government and corporate statisticians compile and analyse the data – a process that can take …

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UK oil: selling worthless paper to chumps

North Sea oil crash

Remember that shiny new multi-billion barrel oil discovery someone found off the coast of Scotland?  It turned out to be a damp squib. This, more or less, has been the story of UK oil and gas for the last decade.  The myth is that there is still a vast quantity of …

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