Economy

This category contains 20 posts

Textbook Economics: Why you can’t get a job

VAT

The VAT harmed industry

Wondering how the government’s economic decisions make it hard for you to find a job. Terence White explains…

The answer is simple.

First, it is vital to remember what the biggest expenditure of every business is: wages. Second, it is also important to remember what business need to make money: products and customers. Thirdly, we must also take into account what businesses aim to do: raise the standard of living by making money for themselves. We must also take note that an economy’s money is Continue reading

Our politicians are useless and it’s your fault

None of the above

...they're all useless

Politicians are useless. And they keep on being useless. This is why the economy failed, this is why we have so many enquiries into this disaster or that calamity. Charlie Fairservice tells us that its ultimately our fault for voting tribally and having misguided loyalties to political parties.

In the course of human events it is pretty common for things to go right, wrong and anything in between. Whatever the result it is also handy to Continue reading

The English riots – Why do we make excuses for them?

riots

riots, riots, riots, excuses, excuses, excuses

After the riots, all we hear are excuses. In this excoriating attack against our excuse-culture, Christopher Wheeler tells us what really is wrong with our society.

The Riots in England last week were a disgrace and reflected badly on not just the image of the United Kingdom but also the society we live in.  However, we must forget that the looters and rioters involved were totally to blame for their actions and it is a sickening sight to see people trying to excuse the inexcusable. Continue reading

Cameron wipes the slate clean: Fixing Broken Britain?

David Cameron at a youth centre

David Cameron at a youth centre

Following a troubled week of riots across London and other major cities in England the Prime Minister has announced that every government policy will be under review to make sure that they can fix a “broken society.” But how will these changes in Government policy actually be implemented? William Sharman investigates.

David Cameron has promised today that tackling the “broken society,” will be top of the agenda and that he will speed up plans to improve Continue reading

Harry’s five of the week: Market analysis, Syria, mansion tax, Kurdish terrorism, NHS

mansion tax

The mansion tax has raised its head again

With the riots consuming most of the newsprint and dominating the airwaves, you may not be aware that Bolton are sitting pretty at the top of the Premier League. Harry Raffal brings you the other storylines that may have slipped your notice. 

With the riots in Britain and the subsequent political fallout occupying central stage this week and only broken to bring us the first week of the Premier League and England thrashing India to go 3-0 up in the series, Continue reading

Time to secure your legacy Obama

Barack Obama

Barack Obama

Barack Obama is enjoying a resurgence in popularity since the assassination of Osama bin Laden. Yet this was happenstance. Could Obama’s legacy rest on him raising petrol taxes to reduce the America deficit? Asks Luke Cahill.

When Barack Obama was elected to the presidency, many compared him unfavourably to Jimmy Carter. There are some similarities to Carter’s four years in office. Like Obama, Carter’s election was as a result of a violent swing against the Republicans, after President Nixon’s actions and then Continue reading

A Dangerous Obsession – Britain and House Prices

House Prices

Bound to fall...

The British Obsession with house prices and home ownership has lead to a boom-and-bust cycle and economic instability. This has been accelerated by easy credit. We need to return to conservative values of saving and not buying things on credit, argues Christopher Wheeler.

In the United Kingdom one of the prime national obsessions is house prices.  When they go up, the media, the people and political parties regard this as proof that everything is right with the world.  But when house prices fall, or even just stabilise, the very Continue reading

American Politics: How to end the impasse

Founding Fathers

The Founding Fathers

Congress is in deadlock about raising the American debt ceiling. From the Founding Fathers to Bill Clinton via Barry Goldwater, Luke Cahill examines the history of American politics and diagnoses the current impasse.  

As Speaker Boehner, puts his debt plan to the House, the lower chamber, the Democrat controlled Senate, has already decided that they will not allow it to pass. As Congress struggles to agree on how much to cut before they raise the debt ceiling, fatal weaknesses are yet again open for all to see. Continue reading

A Very British Problem: The High-Speed London to Birmingham Line

Chinese High Speed Train

Rail networks: The Chinese are way ahead of us

The proposed high-speed rail link between London and Birmingham will take at least another decade to complete. China has managed to connect Shanghai and Beijing within 36 months. It is not just rail networks, but entire infrastructures are taking the British ages to complete. Red tape is primarily to blame, writes Christopher Wheeler.

On the 27th of July 2011, 25 years after it was originally proposed and 4 years after initial building work began the Hindhead Tunnel in Surrey was finally opened.  At the same time, debate in Britain Continue reading

Dave and George, 100% happy?

George Osborne

George Osborne: 100% behind the PM?

Following a shrink of 0.3% in the UK economy from last quarter and reports of friction between the No. 10 and the Treasury, the PM has issued a statement saying he is 100% behind his Chancellor’s growth plan. But just how strong is the relationship between George Osborne and David Cameron? William Sharman investigates.

0.2% was the reported growth of the UK economy between April and Continue reading

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