We are now reaping the consequences of decisions made half a century ago
Read More »Economic chemotherapy
Our predicament is not dissimilar to that of a cancer patient... There is no good alternative.
Read More »Expect more of this
The common trend in British infrastructure over the last half century has been to trade resilience for profit.
Read More »A small thing
The big risk to the UK economy from April is that we witness a Laffer Effect on steroids…
Read More »That time a sovereign state went bankrupt
Actually, not only can a sovereign state go bust, but it has already happened… and to a modern state not so far from home.
Read More »There’s a big reckoning coming
While the bursting of the AI bubble will be Silicon Valley’s nemesis, in the UK it is in more mundane sectors that we are witnessing a crisis far more profound
Read More »Clueless
Fortunately, the promises of AI are about as realistic as programable central bank digital currencies… and for much the same reason
Read More »When was growth?
At least “drill-baby-drill” demonstrates some understanding that energy is, and always was, the driver of economic growth.
Read More »It isn’t (only) Labour
More cerebral commentators at least acknowledge that the British disease goes back much further than October’s budget or even the election of Boris Johnson.
Read More »It was always about the oil
In the early-2010s there was a perverse repeat of the oil boom of the post-war years.
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