Tag Archives: UK budget

Forget Brexit, debt is what is killing the British economy

The International Monetary Fund is worried. Yes, it’s true that it always is, but this time we should be, too — or at least, those of us living in Britain.

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UK interest rates could rise despite the Bank of England

There are few things that are less certain right now than the path of interest rates in the UK. That’s despite the Bank of England’s attempts to reassure investors that it will not raise its key interest rate anytime soon from the record low level of 0.5%. Even when it does, it will do so in a gradual manner, the central bank says.

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Stop calling the UK Conservatives ‘pro-market’

By Antonia Oprita

Well, the (partial) results are in and the Conservatives have won one of the most uncertain elections in the UK.

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Something is really wrong with house prices in the UK

By Antonia Oprita

House prices in the UK are getting another boost from the government, just in time for the May 7 general election.

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UK budget: don’t mistake luck for skill

Ever since the Conservatives came to power in 2010, austerity has dominated the UK budget. It was a policy introduced to reduce the yawning budget deficit, which made the country vulnerable to attacks from the bond vigilantes.

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Why household debt needs to be written off

By Antonia Oprita

The story on the need to bail out households just like we bailed out the banks has sparked some controversy. To some extent, this was to be expected – but the truth is that forgiving household debt is the only real way out of the crisis.

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UK households need a bailout, just like the banks

Indebted households in the UK and more widely need a bailout just like the financial sector got one, in order for the economic recovery to take root, according to Dr. Johnna Montgomerie, lecturer in economics at the Political Economy Research Centre (PERC), Goldsmiths University of London.

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Household debt set to increase sharply in the UK

If you’ve finished the champagne you popped open the other day to celebrate the good news on Stamp Duty in Chancellor George Osborne’s Autumn Statement, perhaps it’s time to consider the negative implications of the expectations regarding household debt.

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