Conservative Party (UK) (Photo credit: Wikipedia)
This blog by leading Oxford economist, Simon Wren-Lewis is well worth a read. Check it out!
via mainly macro: The OBR confirm the dangers of Osborne’s gamble – Simon Wren-Lewis.
What caught my attention was the return to austerity at post WWII levels.
In short, the Conservatives are only 40% through their cuts to the public sector.
Let me turn to an open question:
How will UK public services survive the proposed additional austerity?
Thoughts?
This is a good article from Martin Wolf, the FT‘s chief economic commentator. Check it out!
via Autumn Statement: A political chancellor’s delusional plan – FT.com.
This is a very hard-hitting article which reminds us that George Osborne has always been light on economics and long in his political agendas.
Wolf has surgically dissected Osborne’s record and takes a dim view of his proposals for the future. Most critically, he also recognizes that the Labour Party does not have credible plans for effective economic management.
Personally, I expect political shock treatment in the UK whichever party returns to power.
The critical question for me is:
What’s the risk of the UK facing a major economic slump in the next five years, following a geo-political crisis?
Thoughts?
Dr Alf's Blog 