Tag Archives: money supply

Opinion: Getting radical with the money supply

Last week the OECD forecast that Britain was about to experience a double-dip recession, for the first time since 1975. Vince Cable in his Centreforum paper Moving from the financial crisis to sustainable growth asks “How far should monetary policy now be expanded further in the UK to boost demand and head off a period of poor growth?

He goes on to say “There is no possibility for further meaningful interest rate cuts – real short term rates are now minus 4 percent. That means further recourse to quantitative easing.

Posted in Op-eds | Also tagged , , , , , , and | 16 Comments

Opinion: 29 Days to save the UK

We are lucky it is a leap year. It gives us an extra day to save the country.

Here are two graphs, both from the Financial Times. This one shows the UK’s Nominal Gross Domestic Product. It shows the development of the double dip recession we are facing.

The figures are up to October 2011. The next will be published in February, but expect the trend lines to continue ‘south’.

Then, here’s a chart of a measure of the supply of money in the economy. It is a broad …

Posted in Op-eds | Also tagged and | 19 Comments
Advert



Recent Comments

  • Merlene Emerson
    Update on my post: It has transpired that the last issue of Apple Daily will be 2 days earlier on Thursday 24 June. The reason given was that it is for the sa...
  • Michael 1
    @David Raw I clearly said that I admire much that the Labour party and the Labour movement has done over the past 150-200 years. I am I believe on the left o...
  • Nigel Hunter
    Interesting that court cases are going the rounds re Johnson,s govnt plus a shock loss of a 'safe' seat. Equally interesting that this OBON comes along AND a p...
  • David Raw
    Good for, Daisy. Is it too much to hope she succeeds to the full post of Leader asap to revitalise and re-energise this party ? Johnson must think it's cleve...
  • Peter Roberts
    ".... and tub thumping" Now there's a thought and it sums up Boriss' Brexit Britain very well, do you think Chumbawuma would object?...