Uk

Sectoral Financial Balances for the UK as a % of GDP, smoothed over a year

The number of people in the UK without work that want it

The OBR’s 9.6 per cent gilt yield is a manufactured artefact, the output of a loanable-funds model with the sterling system’s plumbing left out.

The pension debate is misframed as a funding problem when it is actually a question of how current production is allocated and distributed between workers and retirees.

A breakdown of Wolfgang Munchau’s piece on Burnhamomics, exposing the analytical errors that follow inevitably from viewing sterling monetary operations through a mainstream europhile lens.

The emperor has no clothes, and the only thing keeping him warm is our collective refusal to look down.

Britain’s supposed ‘borrowing crisis’ says less about financial necessity than about a political class still trapped inside the rituals and superstitions of a pre-floating exchange rate world.

The National Minimum Wage has become a rationing mechanism rather than a floor. By clinging to age-based tiers, the UK masks a systemic failure where the private sector no longer rewards experience.

A ‘bond crisis’ is upon us, apparently. Break the usual framing and the opposite emerges: borrowing costs have fallen, and the ‘crisis’ is seen for what it is - manufactured panic serving particular interests.

Currency Collapse is Codswallop. Why the Currency Crisis Crew have it backwards, yet again.