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Monthly Archives: July 2012
Copenhagen: home from home
A question sometimes arises among Britain’s beleaguered Europhiles. Should the sceptics get their way, and the UK drop out of the EU (and no doubt losing Scotland with it), where do we emigrate to escape this sclerotic mean-minded land? There … Continue reading
The UK GDP figures change nothing
Today the Office for National Statistics delivered its first estimate for the UK’s GDP in the second quarter. With a fall of 0.7% they were a bit shocking – we have had a number of quarters with it being cose to no … Continue reading
The meaninglessness of “money supply”
Where are modern economists most at sea? Some may think it is their over-reliance on GDP to represent the welfare of an economy. But economists are quite comfortable with the theory of all that, even if they often fail to … Continue reading
The G4S fiasco poisons attitudes to the private sector
The British contractor G4S has specacularly failed to find anything like enough staff to support its contract to provide security staff for the London Olympics…which start in less than two weeks. The details aren’t clear yet, but this one has all … Continue reading
Posted in Politics UK, Public Services
Tagged G4S, NHS, NHS reform, public service reform
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The financial crisis: five years and counting
It is five years since the financial crisis broke. In July and August of 2007 the interbank markets froze over, and it became evident that the boom years were over. Five years on and the world economy still looks in … Continue reading
Betty Boothroyd makes the case for Lords reform
This morning’s Radio 4 coverage of the oncoming debate on Lords reform made little attempt at balance. They gave prominent coverage to opponent Betty Boothroyd. A supporter may have been given airtime while I wasn’t listening – but if so … Continue reading
Behind the theatrics on Barclays, what needs to be done?
Predictably enough the Barclays Libor scandal is generating rampant theatrics amongst both journalists and politicians. It is not easy to keep grip on what actually matters. And yet this is vital when it comes to deciding what the next steps … Continue reading
Posted in Economics & Finance, Politics UK
Tagged banking reform, Barclays Bank, Ed Balls, investment banking, Libor scandal
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Barclays scandal: culture isn’t the problem, it’s the money
City traders live in a world of their own. After the news of Barclays Bank’s fine for falsifying LIBOR returns, its share price rose slightly. The scandal had been rumbling on for months, and they were relieved that it had … Continue reading
Posted in Economics & Finance, Politics UK
Tagged banking, banking reform, Barclays Bank, investment banking, Vickers Commission
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