Economist, Visiting Professor, Lecturer, Writer, Public Speaker.
This was the first Autumn Budget, and a bit like the climate one typically gets at this time of the year the economic outlook in it was a bit gloomy. Because of assumptions about lower productivity – in 16 of the last Budgets it has been forecast to return to its long-term rate of growth …
I was reminded of a Dionne Warwick song recently and the lyrics resonated with me: ‘What the world needs now is love sweet love, / It’s the only thing that there’s just too little of, / What the world needs now is love sweet love, / No, not just for some but for everyone,…’ If …
Continue reading “Trade: not just for some but for everyone is the only way forward”
Income: 19s,8d Expenditure: 18s,8d Result: Happiness said Micawber If only life was that simple. But looking at the UK’s financial balances can yield useful information about the build-up of excesses in the real economy. Recent figures from the ONS show that the UK’s household saving ratio – defined as their total expenditure relative to disposable …
Continue reading “Balancing the financial books – what price happiness?”