Scottish independence might be one of the less obvious victims of the US fracking boom if figures included in the UK government’s Autumn Statement prove accurate. In the run up to last year’s independence referendum, much of the economic case for independence revolved around the belief that the Scottish oil …
Read More »The Economics that George Osborne wants to hide
How do you make money? If you are in the majority, then you sell your time over and over to the same employer in exchange for wages. Some of you will be self-employed, which means that you not only have to sell your time but you must also spend additional …
Read More »The UK’s next crisis?
Hardly anyone under 50 can remember the last time the UK had less energy than it needed. Power cuts in the 1970s, were the result of the dispute between the miners and the Heath government. And while disruptive, the introduction of the “three-day-week” gave a degree of stability, allowing businesses …
Read More »Two States – One Political Crisis
We tend to view events through the personalities of those involved. Is George Osborne a bumbling economic illiterate or an evil genius? Is Iain Duncan Smith a scrounger, a sadist or a full-blown psychopath? Did Labour elect the wrong Miliband? In truth, public personas are more often shaped by events and circumstances. …
Read More »Whatever your views on climate change, this is INSANE!
If you are someone who believes that climate change is some kind of liberal conspiracy, you will be delighted by the energy policies being pursued by Britain’s Tory government. Not only have they decided to abolish the subsidies on wind and solar power (as well as tightening the planning laws to …
Read More »Volkswagen, emissions and diminishing returns
The Volkswagen emissions scandal looks like becoming the car industry equivalent of the Libor and Forex scandals in banking. According to European campaign group Transport and Environment, cheating on emissions tests is widespread across the car industry and applies to both petrol and diesel engines. The group claim that there …
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