We had to wait for elder statesman Ken Clarke in questions from MPs to introduce, ever so gently, a reference to the threat of recession. It was the first and last time even a hint of reality entered the proceedings of the chancellor’s autumn statement. Beyond the borders of the UK, however, and beyond the […]
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Tag: economy
‘Global disintegration’ threatens world
The vertiginous, downward spiral of the global capitalist economy is at last forcing itself into the consciousness of even its most loyal supporters and advocates. Not the least affected among them is Professor Lawrence Summers. You won’t find a more steadfast and respected pillar of the economic and financial establishment anywhere on the planet. Chief […]
Brexit – a seismic event
The Economist’s headline was ‘Brexit and the markets: a seismic shock’ Doomsday scenarios – warnings of its consequences – abounded: the British Pound will weaken, favourable trade conditions will disappear, housing values will tumble, the markets will plummet, job losses will mount. The implication is that the effects of the referendum vote will reverberate throughout […]