Post Tagged with: "Saving"

Picture of the Bank of England

The madness of contemporary economists

The Bank of England is considering negative interest rates to “stimulate” the economy, together with more QE. It’s one thing to pay a bank for safe-keeping and other services, another for the central bank to manipulate the credit markets as a whole. It is explicitly a policy of expropriating savers, […]

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Autumn Statement chart of the day: tax and spending

The economic facts behind the Autumn Statement, in as far as they are known or forecast, are available in the Economic and Fiscal Outlook from the Office for Budget Responsibility. Table 4.7 provides forecast current receipts. Table 4.18 provides total managed expenditure. So, here’s a chart of current receipts (i.e. tax) […]

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Drowning in an ocean of debt

NB: The author is Tim Hewish, who I am glad to welcome as a contributor. — Steve We are drowning in an ocean of debt. The video above may be an American example, but it serves us well when highlighting the dire straits the British economy is in under this […]

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