Let’s start by saying I have been through the ‘Developed Vetting’ (DV) process. I can’t tell you why, because then I’d have to kill you (a joke, of course). Continue reading
The BBC’s Nick Robinson has it almost right when he says there are two ways of judging these elections – through the prism of the last three decades of British politics with its long-lived single party governments (Tories 1979-97; Labour 97-2010) or through the prism of 1970s one-term Governments. In the 1979-2010 period incumbent governments suffered mid-term slumps only to recover and win. In the 70s they suffered mid-term slumps and went on to lose at the next election. Continue reading
I heard yet again today someone using the Queen’s Jubilee Gambit to explain that next quarter (Q2 2012) may see even more sluggish growth in the economy or even that wonder “negative growth”. This is based on comments made by the Governor of the Bank of England a few weeks ago: Continue reading
Aditya Chakrabortty has suggested (in a Guardian column) that British “publicly funded” social scientists have failed to step into the breach as neo-classical economic orthodoxy so spectacularly failed over the 2007-2009 financial crisis and it’s on-going consequences.
Read my analysis over on my new ‘Homo Janus’ blog here.
So, Britain is officially in a ”double-dip” recession, just. In reality this is both more and less serious than it sounds. It is more serious because we are still a good 4% of GDP lower than we were at the start of the financial crisis in 2007. And that is probably between 10% or more below where we would have been if not for the banking crisis. Continue reading