I have been suggesting that interest rate rises are fuelling inflation. I have created a model of a company that is largely service-based to explore my suggestion. Using that model I show that it is more likely that interest than wages push up prices. This is the starting point for this model: The figures are […]
When I lived in Britain, the drivers were sharing tips with each other: “do go work for this company, you can earn good money there, as there is plenty of overtime”. I even saw a discussion on UK trucking subreddit today when a young guy is asking about becoming a trucker and they say to […]
I had a long discussion with a radio producer on what I thought was wrong with the Autumn Statement. We discussed the numbers but what I said is most important is not what was said, but what was not. That’s where the frightening bits are. It was a very long time ago that I realised […]
Drink heavily, buckle up, and let's get started with a visit to the Tory Party Conference, where the most dense things in the known universe are packed into one room, and we all pray it reaches critical mass and explodes. Yet another #TheWeekInTory: 1. Liz Truss – ITV4 made flesh – got dressed up as […]
The turn in the polls has been sudden – but Phil Syrpis does not think it is a surprise to see Tory fortunes plunge under new PM Truss. I’ll offer four reasons why they are on the slide; each alone would have an impact, together they are devastating. The only place to start is with […]
The shape of Trussonomics is becoming clearer. Assuming she survives in office, which given how unpopular she already is with her own MPs might be an optimistic forecast, what is the future going to hold, and what might it mean for the 99 per cent of use who aren’t bankers? Richard Murphy explains. Unless you […]
As a Yeovil resident and writing in a personal capacity rather than as a county councillor, Oliver Patrick has asked his MP Marcus Fysh to forward a letter to Jacob Rees-Mogg – the new Secretary of State for Business, Energy and Industrial Strategy. In the letter Oliver says he has “grave concerns” over the way […]
The Sunday Times reports that Liz Truss and Kwasi Kwarteng are panicking about the £. So they should. Or rather, they should take the necessary action. Now. Andrew Levi sets out what they need to do to avert disaster: ✅ massive extra govt spending (otherwise business, economic and social collapse) ✅ tax back much of […]
Perhaps the journalist for Bournemouth Echo had guessed that Jacob Rees-Mogg was about to be handed the ‘exciting’ challenge of proving the advantages of Brexit. None seem to be immediately discernible. The Public Accounts Committee (PAC) released a report on 9 February, which revealed that “the only detectable impact so far is increased costs, paperwork […]
Our eye was caught by this thread on Twitter which we are reproducing with the author’s kind permission. It prompted some further research into costs and an interview with a carpenter with a business in renovation and conversion projects in Devon. More from him below. Conversation with the dads at my son’s footie training yesterday […]
It was claimed in the Guardian yesterday that Rishi Sunak had written to the prime minister to ask for a relaxation in Covid travel regulations. He had. The populist in No 11 was trying to out-popularise the populist in No 10. You could not make up the scale of Covid recklessness on display when debate should be […]
Somerset residents have been warned by Somerset Waste Partnership that continued staff shortages will mean delays and interruptions to rubbish collection services across the county. The contractor, Suez, is struggling to cope with a lack of staff to drive their bin lorries and has called on people to be patient while they attempt to recruit […]
Globally renowned wine importer, exporter and distributor Daniel Lambert has become something of a hero in our book. He’s one of a handful of people who have been brave enough to stand up and tell the truth about what Brexit has done to his own business and the sector as a whole, and to campaign […]
You may have seen the summary of the catastrophic impact of Brexit on the principal exports of foodstuffs to the EU. Not pretty at all and terrible news for our domestic producers. Good news for the EU’s growers, farmers and fishers, though. (Not the uniquely Scots’ whisky, of course, but maybe the cut in supply […]
Data published 22 March by UK Food & Drink Federation showed exports of food & drink to the EU from the UK dropped by more than 75 per cent in January. There was a 40 per cent decline in exports overall, and business leaders are saying that this is almost entirely due to Brexit. A […]
We are very grateful to Richard Murphy for allowing us to reproduce his excellent series of threads on important economic issues. Not everyone is on Twitter, so this enables us to get great content to those beyond our bubble. We have just had another week when the media has obsessed about what they call the […]
We are very grateful to Richard Murphy for allowing us to reproduce his excellent series of threads on important economic issues. Not everyone is on Twitter, so this enables us to get great content to those beyond our bubble. I keep hearing people complain that the ‘mainstream media’ does not understand economics and that we’re […]
I can’t help wondering how many people who voted for Brexit now wish they’d been given the chance to look at Johnson’s allegedly oven-ready deal and decide whether it was really what they wanted. I wonder how many people have ‘if only’ ringing in their heads like an earworm – especially if they are ever […]
From the Cheltenham super-spreader festival, to the heroic hosting of vaccination centres, to fellow-jockeys Hancock and Harding overseeing Track and Trace, the connections between the worlds of horse racing and politics run deep. Let’s take a look at the runners and riders: Sport of Kings Horse racing is a hugely valuable industry with estimates putting […]
Will Poole soon become a ‘freeport’? Yes, if Drew Mellor, Conservative leader of Bournemouth Christchurch Poole (BCP) Council, gets his way. As the Brexit transition period approached in December 2020, Drew Mellor announced plans for a joint bid to government from Bournemouth Airport and the Port of Poole. The bid also includes the Dorset’s local […]
Introduction This is an article inspired by the BBC podcast How They Made Us Doubt Everything. It explores the techniques used by those wanting to delay or stop action on climate change, and the disproportionate impact these have had on public opinion. I am not a climate scientist but my work has been connected with […]
Small businesses are the backbone of our economy. Indeed, small and medium-sized enterprises (SME) which are defined as businesses with fewer than 250 employees, accounted for 60 per cent of all private sector jobs in the UK, a total of 16.6m. Make no mistake about it, SMEs are crucial to the UK’s economy and their […]
Saturday 20 February was the 50th day since Boris Johnson’s Trade and Cooperation Agreement (TCA) came into effect. Anyone expecting it to settle all questions, or even most of the details, of how we will do business with the EU from now on will be mightily disappointed. The proverbial expression of something being ‘as full […]
Fishers feel betrayed. Boats are in dry-dock, fish markets are bereft of trade, and five-generation businesses are facing bankruptcy. No Brexiter politicians are posing with them now. No Brexiter politicians are even listening to them now. Similarly, agri-food businesses, no matter how well prepared they were, are seeing the fruits of their labours spoiled, at […]
Continuing Mike Zollo’s article on Devon companies hit hard by Brexit red tape. You can read part 1 here. Gilboy’s Beeswax I have been in business restoring antiques for 27 years. Over the past five years our business has been fortunate to change and evolve from a local service to an international e-commerce business. We […]
We are reproducing this thread for the benefit of those not on Twitter. Exclusive: DEFRA has been advising shellfish traders than an EU ban on live exports would end in April. However, the EU has told the industry that the ban is *indefinite*, in an email seen by PoliticsHome. Businesses say the post-Brexit ban will […]
£50 note burning under Union flag
Back in 2000, Totnes was absorbed with the romantic phenomenon of a ‘world-beating’ local product: the catamaran Team Philips, the largest yacht ever built, designed to break the record time for sailing around the world. Like many Totnes families, we helped to sponsor it, and our names were among thousands painted on the hull. As […]
It has been unedifying, to say the least, to see people piling on to Brexit reality stories to shout “told you so!” to the victims of the Brexit scam. This story, as it happens , is about a business owner who saw through the lies from the start. A pragmatist, he resigned himself to the […]
No doubt you’ve seen the news that, unlike some of the other car manufacturers, Nissan has decided to stay in the UK. Phew! There must have been a collective sigh of relief in Sunderland that was so loud, it made the wings of the Angel of the North flap 13 miles away in Gateshead. Surely […]