Archives for: UK Double Dip

Solution? Business secretary Vince Cable has said he wants to nationalise the 18pc of RBS that isn’t already owned by the taxpayer Vince Cable wants to nationalise RBS. You can see his logic. The taxpayer owns 82% of the firm already. Nationalisation is hardly such a radical idea; it’s more the logical completion of a [...]

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Spending our way out of debt with borrowed money is not the solution

by Mitch Feierstein about 2 years 1 month ago

The United Kingdom has too much debt. Reports normally focus on government debt: currently around 80% of national income, unless you take into account (as you should) the debts of the bailed-out banks and their toxic portfolios, which would pretty much double that figure. But what about consumer debt? Mortgage debt? Business debt? The huge [...]

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The Banks Fiddle… and You Lose

by Mitch Feierstein about 2 years 4 months ago

One of the permanent problems in writing about financial matters is that the issues at stake seem so technical, so arcane. It’s hard for any ordinary reader to get interested in these things. Hard not to think, Why does any of this matter to me? The trouble is you probably thought the same about the [...]

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A Bet For Sir Merv the Swerv

by Mitch Feierstein about 2 years 5 months ago

  ‘Inflation falls.’ That’s the headline countless British consumers have been longing to see. And inflation isn’t just falling: the Bank of England predicts that prices rises will be down as low as 1.7% some time later this year. If that’s true, it’ll be a blessed relief for countless consumers. Personally, though, I’m just about [...]

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The Court of the Sun King

by Mitch Feierstein about 2 years 6 months ago

Must be nice being Swervyn Mervyn. Nice to be so secure in your job that you can reject any idea of checks and balances on your all-but-supreme power. Nice that ex-Chancellors of the Exchequer view you as some Sun King beyond any check. Nice to have a £400,000 salary and plenty of time to enjoy [...]

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