Monday , August 8 2022
Home / Economy (page 25)


Brexit brought forward Britain’s next banking crash


The drop in the value of the Pound and volatility on the stock market in the wake of the Brexit vote has brought forward the crisis in Britain’s economy.  However, Brexit is not the cause of the problems according to Roger Blitz at the Financial Times: “Even if the UK …

Read More »

Falling pound could wreck the UK economy


The value of the Pound against other currencies fell dramatically on news of the Brexit vote.  And although the Pound has rallied a little, it is still trading at around ten percent less than it had been last Thursday. This has been presented as a universally bad thing in the …

Read More »

The USA is already in recession

US Recession

One reason why Federal Reserve Chairman Janet Yellen may have been keen to suggest that Brexit would create international chaos is that it diverts attention away from the Fed’s own failings.  Despite claiming that the US economy was strong enough to begin raising interest rates; the one attempt to do …

Read More »

UK economic failure runs much deeper than Brexit

UK M4 money supply

In the course of an increasingly farcical referendum campaign, every twitch in every economic indicator is hailed as proof positive that leaving/remaining in the EU will bring forth nothing less than the four horsemen of the apocalypse to wreak war, famine, pestilence and plague upon anyone so foolish as to …

Read More »

Slowing banking sector sheds jobs

Dead Banker

In a further sign that all is not well with the UK economy, large numbers of investment bankers are seeking work elsewhere.  Recruitment firm Morgan McKinley have seen an 8pc drop in the number of new financial services jobs on their books over the past year, with just 7,695 available, …

Read More »

Europe is turning Japanese

Turning Japanese

Trends in the European economy look a lot like Japan’s lost generation.  This is hardly surprising given that Europe has followed the same monetary policies adopted by Japan when its economy stalled in the 1990s.  Writing for the Evening Standard, Hamish McRae explains: “That is not a pro-Brexit statement. It …

Read More »

German economy on the edge


Germany is the world’s fourth largest economy.  It is also the third largest exporter; and the powerhouse behind what little growth there has been in the Eurozone economy.  But according to Business Insider there are signs that the Germany is slowing to a halt… with potentially catastrophic results for the …

Read More »

Just in case you thought the banking crisis was over…


Portuguese banks are set to be the next to require massive state handouts in the latest instalment of the global financial crash that first emerged in 2007.  Although massive government borrowing by countries like the USA and the UK, that still enjoy their own currencies helped stave off a complete …

Read More »

Getting their excuses in early


The claim that Britain faces an economic crisis in the event of a Brexit vote is widely seen as an integral part of “project fear”.  However, there might be a more sinister reason for the scaremongering. Figures from the Office for National Statistics this week show that the UK economy …

Read More »