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Tim Watkins

Car sales down; economy to follow

Car sales unsold

Further evidence that all is not well with the UK economy emerged with the release of the September new car sales figures.  These were more than 20 percent down on 2017.  The primary reason for the fall – the one latched onto by most mainstream media outlets – is the …

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Solar road block

Solar road damage

To a general public that is clueless about net energy issues; solar roadways appeared to be a good way to wean ourselves off fossil fuels.  As the hype had it, there is abundant sunlight and more than enough road space on which to collect it.  So it was that Solar …

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A politician’s wrong answer

Online sales tax

Britain’s hard pressed High Street retailers will find cold comfort in Chancellor Philip Hammond’s proposal to address the disparity with online retailers.  This is because Hammond has offered the typical politician’s response – increased taxes – to a problem that has a very different cause to the one Hammond presupposes.  …

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Checkmate

Brexit checkmate in Salzburg

Believe it or not, EU leaders were attempting to bolster Theresa May’s position ahead of what is likely to be an unpleasant Tory conference ten days from now.    EU negotiator Michel Barnier had unexpectedly indicated that the so-called “Chequers proposal” provided the basis for a future Brexit deal.  Crucially, however, …

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The three vortices of doom

Three vortices of doom

Despite the cheerleading efforts of the legacy media, the economic storm clouds are growing on the horizon.  Oil – the economic “master resource” – passed $80 per barrel yesterday.  Meanwhile, central banks around the world have begun to unwind the stimulus packages used to bail out the economy in the …

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Lies, damned lies and media economic reporting

Lies, damned lies an BBC economics

Forget Brexit, never mind the retail apocalypse, the UK economy has finally delivered the positive news that everyone has been waiting for.  That, at least, is the message from a legacy media largely reduced to rewriting corporate press releases…  In this case, the headline release from the Office for National …

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Where good intentions lead

Road to hell

Labour MP Lucy Powell’s Ten Minute Rule Bill to be presented to Parliament today has all of the hallmarks of the good intentions that pave the road that leads to you know where.  At face value, it is packed with banal measures aimed at tackling one of the thorniest issues …

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Economic fake news

Economic fake news

In the modern world, mainstream economic journalists have just two roles to perform – to convince the public that they have some clue about what is going on; and to maintain public confidence at all costs.  So it was, for example, that even as Lehman Brothers was collapsing a decade …

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Solving secondary problems first

Hydrogen vehicle

Can you run a self-driving car on a desert island? Of course not: There are no roads; and there is no fuel for the car. Why do I mention this?  Because the received narrative around climate change and so-called “peak oil demand” is that new technologies like electric self-driving cars …

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