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
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Recent Comments

  • User AvatarJohn Littler 1st Apr - 3:45pm
    There are so many unsafe activities taking place, especially in London, that the government appear to want to be seen to do something, even when...
  • User AvatarPeter Martin 1st Apr - 2:43pm
    @ Joe Otten, That's not a very intelligent comment. Obviously if there was a threat to our overall food supply the Govt would be compelled...
  • User AvatarJoe Otten 1st Apr - 2:09pm
    Peter, if "essential service" implies nationalisation, why aren't you talking first about the food supply. Is it because Lenin tried that and starved millions?
  • User AvatarGlenn 1st Apr - 2:08pm
    Manafarang What as that got do with Covid19 and western countries queuing up to praise and emulate the actions of the Communist dictatorship that runs...
  • User AvatarJoe Otten 1st Apr - 2:07pm
    This is good news, though I am still not clear whether 13 miles to Curbar Edge is reasonable. Not that I would go there now...
  • User AvatarCatherine Jane Crosland 1st Apr - 1:31pm
    I agree that, if we have to have such a long wait before we can have a properly elected leader, then the MP who acts...
Mon 27th Apr 2020