Economist, Visiting Professor, Lecturer, Writer, Public Speaker.
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?”
Latest figures show that UK productivity fell back in Q1 to the levels previously seen prior to the financial crisis in 2008. Quite frankly, it’s shocking to see that productivity hasn’t grown at all in almost a decade, and that we’re actually producing a bit less now per hour than we did then. The broad …
Continue reading “Productivity: the UK’s biggest economic challenge?”