The UK is not broke and doesn’t need to borrow to reverse the cuts.

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The UK is not broke and doesn’t need to borrow to reverse the cuts. The video clip explains this simple truth about the US economy, but it is also true for the UK and all other countries that issue their … Continue reading

Is George Osborne the UK’s equivalent of tea-party hero Paul Ryan?

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Mitt Romney today announced Paul Ryan as his vice presidential running mate.   The global dominance of the US means that the candidates for this year’s presidential elections are of great importance for the rest of the world .. but … Continue reading

THE INCREDIBLE SHRINKING UK ECONOMY

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The incredible shrinking UK economy – an update – reposted from Socialist Economic bulletin (30.07.12) By John Ross (Visiting Professor at Antai College of Economics and Management, Jiao Tong University, Shanghai) Earlier this year this blog published an article entitled ‘The Incredible … Continue reading