How Bad was Thatcher’s Recession compared to the Current Economic Slump? Q. Well, how would you find out, exactly? A. Surprisingly easily. This graph here compares historical economic slumps with the current one, on a month by month basis. It’s taken from the “National Institute of Economic and Social Research” (NIESR) website here. Notionally, it’s… Continue reading Thatcher’s Recession, and Now?
You’ve Got to Laugh Following the biggest financial meltdown in history over the last 2 years, the optimists are vociferously making themselves known and talking the economies of the world, up. However, the United Kingdom is not doing as well as Germany (and France), apparently. The reason for this is that Germany’s profits have mainly… Continue reading Spiv Britain