Friday , November 17 2017
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Tim Watkins

The other side of Neoliberalism

Other side of Neoliberalism

Nobody can doubt the web of contradictions that beset the UK economy.  The stock market is at an all-time high; house prices are booming; unemployment is at a low last seen in the early 1970s; more people are in work than ever before.  And yet we have seen the longest …

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Weasel words on fracking protest costs

Fracking police costs

The cost of policing the anti-fracking demonstrations at Kirby Misperton in North Yorkshire rose dramatically in October according to the latest information from Julia Mulligan, Police and Crime Commissioner for North Yorkshire. In the period up to 31 August, prior to Third Energy starting work, policing had cost just £80,238.  This …

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A question of professional standards

Lying politicians

Earlier this month, the financial advisor John Redwood – Chief Global Strategist for Charles Stanley – penned an opinion piece for the Financial Times (paywall) in which he told his clients that it is “time to look further afield as the UK economy hits the brakes.”  This is unquestionably good …

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Green boom coming to an end

Green Energy profits

A dramatic fall in the cost of green energy technology has eaten into the profitability of green energy companies.  According to By Anna Hirtenstein at Bloomberg Businessweek: “Green technology such as solar panels and wind turbines are increasingly mass-produced, so basic supply-and-demand economics dictate that they get cheaper. There’s also …

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Counting fracking chickens

Counting fracking chickens

The UK government is putting the final touches to the new national Shale Wealth Fund which is intended to share up to 10 percent of the profits from fracking among the communities affected. According to the Yorkshire Post: “The Shale Wealth Fund will see communities near ‘significant shale gas reserves’ …

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The cost of living increase is energy

Cost of Living

Increased gas and electricity prices account for almost the entire rise in the UK cost of living since 1997 according to Patrick Collinson in the Guardian: “The average rise in prices for a basket of goods between 1997 and 2016 was 50.7%, but utility bills went up by 139% – …

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A tale of two economies

Tale of two economies

In the years since the Great Financial Accident of 2008 it has become common to talk about something called “the real economy.”  In doing so we unconsciously acknowledge that something has gone terribly wrong with the way our society has developed over the past four decades. Go back to the …

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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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