The UK’s macroeconomic battleground to come – Simon Wren-Lewis – Mainly Macro

English: East entrance of HM Treasury Français...

English: East entrance of HM Treasury Français : Entrée Est de HM Treasury (Photo credit: Wikipedia)

This is an EXCELLENT READ from Oxford economist, Simon Wren-Lewis. Check it out!

mainly macro: The UK’s macroeconomic battleground to come.

Like Wren-Lewis, I too believe that UK Chancellor, George Osborne‘s economic forecasts are not sustainable. The plans are based upon too much austerity and policies across government have been short-term and reactive, not holistic or strategic, against a vision. Wren-Lewis cites the evidence of the much respected Institute of Fiscal Studies. For another excellent analysis of the macroeconomic battleground see the research published by the Fabian Society entitled Fabian Society – 2030 – Vision.

What has truly amazed me over the last three years that I have been blogging is the extent to which politicians have ignored evidence, in favor of short-term political advantage, based upon ideology. David Cameron’s Government has been like a political butterfly jumping from flower to flower.

The Conservative Party Central Office seems to be dominated by whites from privileged backgrounds with elitist education, drawn from their sponsors, the top 1%. Paradoxically, they have deliberately targeted gays and ethnic minorities, ignoring traditional Middle-class Tory voters.

Let me turn this to an open question:

What will the Millennials want from the UK’s next government?

Any thoughts?

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Immigration: The Polish paradox | The Economist

European Union

European Union (Photo credit: Wikipedia)

This is a good article from the Economist, looking at Polish immigration into UK. Check it out!

via Immigration: The Polish paradox | The Economist.

Personally, I believe that the EU’s policy of free migration across Europe is good for Europe economically. It encourages greater competition and drives down inflation in labor costs. My own experience of Poles, Bulgarians and Rumanians is that they are prepared to work very hard indeed and are willing to take jobs that the indigenous population regard as beneath them.

It will be the millennials across Europe who will feel the greatest competition from the Bulgarians & Romanians, following the lifting of EU immigration restrictions in January, 2014.

How should responsible Governments respond to the political and social pressures of immigration? Any thoughts?

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