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Yearly Archives: 2017

UK economy is almost over

British economy almost over

One of the biggest errors made by economists and politicians is the belief that inflation is the same thing as rising prices.  Indeed, most of us have been taught that rising prices are precisely what inflation is.  This, however, is to mistake the symptom for the disease.  Everyone who has …

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UK energy death spiral accelerates

Energy death spiral

The “energy death spiral” is the process in which increasing numbers of business and domestic consumers disconnect themselves from the centralised electricity grid system.  The result is that the cost of maintaining the existing infrastructure and investing in new projects (like offshore wind and new nuclear) fall onto a shrinking …

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Beer and the real economy

Falling beer sales

Forget the macroeconomics; sometimes it is the small changes that people make to their lifestyles that tell us the most about the health of the economy.  In December last year, for example, we reported on the fall in shampoo sales that followed a significant shift in people’s personal hygiene habits.  …

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Britain’s farmland to disappear

Low-lying farmland

Just weeks after UK Transport Minister was condemned for making the ludicrous claim that UK farmers could make up the shortfall in food imports in the event of Britain crashing out of the EU without a trade deal, UN climate scientists have produced even more bad news.  This is because …

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Bahrain on the edge of collapse

Rory

The Gulf Kingdom of Bahrain may be the first to succumb to the economic consequences of low oil prices according to Bloomberg: “Bahrain, one of the most vulnerable economies in the Gulf Cooperation Council to political instability and oil-price swings, sought financial support from Saudi Arabia and the United Arab …

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What value energy polls?

Yes to Renewables

Public support for fracking is at an all-time low according to the UK Government’s Wave 23 Energy and Climate Change Public Attitude Tracker: “Support for fracking is at its lowest point since the tracker began asking respondents about their opinions on the subject…  The most common reason for opposing fracking …

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Slamming on the brakes

Booming Britain

Taking a lead from the Federal Reserve Bank, the Bank of England has raised interest rates for the first time in a decade.  The move comes on the back of headline unemployment figures that are lower than the official definition of full-employment, together with an official inflation rate of 3 …

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Civilisation and the fall

Agriculture and The Fall

Relating the Ricky Gervais story about the punishment of the snake in the Biblical story of The Fall recently got me thinking about the origins of the punishments handed down to the people.  In the Bible, Eve persuades Adam to partake of the forbidden fruit (possibly an apple or a …

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Tribalism and climate change

Climate politics

There is no obvious reason why climate change should be so politically charged.  After all, atmospheric carbon rises and polar ice melts irrespective of what colour rosette a particular president or prime minister happens to wear.  As Doctor Marshall Shepherd in Forbes writes: “I too have been surprised by why …

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Brexit’s game of fools

fools mate

In the game of chess, the grandmaster seeks to dominate the game from the opening move.  The amateur, in contrast, risks making so bad an opening that the game is lost immediately.  One such opening is known as “fool’s mate,” which requires so foolish an opening move that none but …

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