Monday , May 28 2018
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Tim Watkins

The shape of things to come

Out of fuel

When the trucks stop running, the economy crashes… and it does so rapidly.  That is a lesson that Brazil has reminded us of this week.  But it is a lesson that more developed states like the UK ignore at their peril. Problems began, as is often the case, with a …

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Britain’s Carillion moment

Britain's Carillion Moment

In 2008, George Osborne famously berated his Labour predecessor for “not fixing the roof when the sun was shining.”  The truth within this myth was that Blair’s New Labour had been a little too “relaxed” about people “getting filthy rich” in the boom years; leaving the public on the hook …

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Riding the bumpy road down

Bumpy Road

The long period of anaemic GDP growth is about to stall.  The reason why?  Because global oil prices have just broken out of their Goldilocks band – the price range in which oil companies can stay in businesses without triggering a global recession. Last week the Brent Crude oil price …

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Broadbent buries bad news

Victorian poverty

In an interview with the Telegraph, Deputy Governor of the Bank of England Ben Broadbent used the term “climacteric” to describe the trajectory of the British economy.  Unfortunately, while the term has a particular meaning to economists, it has a colloquial meaning that might be taken to stray into the …

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A breadless circus

Royal wedding - Breadless circus

Like most of my countrymen and women, tomorrow I will be doing anything but tuning in to the circus that is the Royal wedding.  This is not because I have anything against the young couple themselves – both strike me as decent individuals (although that is, perhaps, a luxury afforded …

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Brexit: “crackpot realism” in action

Brexit crackpot realism

Among the many changes to government in the last four decades, one stands out.  Government no longer does things.  To a greater extent with every year that goes by, government uses legislation and regulation to force others – corporations and individuals – to do the things that government used to …

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Centrica may not care

Centrica may not care

Sometimes a story is repeated so often that its veracity is never challenged.  One such is the myth that British households are in thrall to a wicked energy cartel that puts excessive profits above common decency.  So much so, indeed, that the government and the opposition parties have all signed …

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UK economic collapse gathers pace

What do polar atmospheric conditions, a Christian religious festival and the internet have in common?  Answer: they’re all excuses made by the mainstream media to pretend that the British economy is prospering.  The Beast from the East – the result of a collapsing polar vortex that pushed freezing air south …

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Not so renewables

Dead Wind Turbine

For all practical purposes, solar energy (along with the wind, waves and tides that it drives) is unending.  Or, to put it more starkly, the odds of human beings being around to witness the day when solar energy no longer exists are staggeringly low.  The same, of course, cannot be …

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What do bankers know about Brexit?

Bankers Brexit

Britain will be leaving the European Union in just ten months’ time.  In the event that the UK government cannot reach a deal with the remaining EU members, Britain’s exit could be abrupt, since “nothing is agreed until everything is agreed.”  That means no transitional period, no customs union, no …

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