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Tim Watkins

The zombie apocalypse coming to an economy near you

Zombies

An army of zombies looks set to destroy the Eurozone and nobody knows how to stop them! Okay, these aren’t the kind of flesh-eating zombies that featured in the Night of the Living Dead.  Rather, they are the army of walking-dead companies and banks that are slowly destroying the Eurozone …

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Our best efforts on climate change will not be enough

Climate Change

In the course of two weeks, we have seen more international agreement and action on climate change than ever before.  On 4 October Canada introduced a carbon tax, setting a standard for other nations to follow.  On the same day the Paris climate agreement came into effect.  Two days later, …

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The very worst US fracking practice of all arrives in the UK

Mafia

Potential investors in UK fracking were recently advised that IGas Energy plc has a staggering 11 trillion cubic feet of recoverable UK shale gas within its portfolio.  The claim comes after an assessment by “independent” consultants DeGolyer & MacNaughton, which claims that there is a total of 102 trillion cubic …

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National Grid keeps the lights on; but at what cost?

lightbulb

National Grid has managed to increase the projected margin between energy supply and demand to 6.6 percent for the winter of 2016/17.  This has been achieved by spending more than £140m on additional back-up diesel generators together with extending the operating life of the Eggborough coal power plant in North …

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North Sea oil spills increase

Oil Spill

The number of oil spills from North Sea rigs has reached a 14 year high according to a report by Neil MacKay at Herald Scotland: “The revelation comes in the wake of a major spillage last weekend from oil giant BP’s Clair rig off Shetland. It has prompted fierce criticisms …

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G20 warns against right-wing populism

Donald Trump

China’s Finance Minister Lou Jiwei, speaking on behalf of the G20, has identified “voter-luring populism” as one of the largest threats to the economy. Without mentioning Donald Trump or Brexit directly, it is clear that Jiwei had these and other right-wing populist trends in the developed world in mind.  The …

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A third of us now work in the “gig economy”

Gig economy

Think of the gig economy, and you probably think of web-based companies like Airbnb, Deliveroo or Uber.  But these are just the visible tip of a much larger gig economy iceberg that includes everything from full-time professional roles to extremely precarious short-term and low paid gigs found on sites like …

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UK energy in transition

Gas Powerstation

According to government energy statistics for May to July 2016, just 5.3 percent of the UK’s electricity was generated from coal.  According to the government, this is a record low, meaning that generation from solar is now greater than from coal. Unfortunately, at 17.4 percent, renewable energy was down – …

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