In These New Times

A new paradigm for a post-imperial world

Archive for the ‘UK economy’ Category

Pound plunges to five-year low as manufacturing performance is worse than expected

Posted by seumasach on January 12, 2016

The exposure of the chronic weakness of the UK economy is long overdue: a bombed-out high street, empty pubs, falling share prices, the collapse of the property bubble and local government insolvency are all on the horizon. But the negative current account is the icing on the cake. Presumably, this reflects lack of interest in UK government bonds and the continued need to monetise them i.e print money to buy them: hence the inevitability of a sterling crisis with an accompanying inflationary surge or rising interest rates which will trigger the collapse of the financial sector. We are indeed cursed by interesting times!

Telegraph

12th January, 2016

Sterling plunged to a five-and-a-half year low against the US dollar on Tuesday, as the UK’s manufacturing sector shrunk unexpectedly.

Read more

Posted in UK economy, Uncategorized | Tagged: | Leave a Comment »

UK house prices to crash as global asset prices unravel

Posted by seumasach on January 11, 2016

Telegraph

10th January, 2016

Asset prices around the world are collapsing as the global economy slows and UK housing will not escape

Read more

Posted in UK economy | Tagged: | Leave a Comment »

Manufacturer of Brimstone missile could be main beneficiary of UK airstrikes in Syria

Posted by seumasach on December 6, 2015

Herald

6th December, 2015

MBDA, the manufacturer of the British Brimstone missile, is set to be the main economic beneficiary of last week’s parliamentary decision authorising UK airstrikes in Syria.

Read more

Posted in UK economy | Tagged: | Leave a Comment »

New City of London project to go ahead

Posted by seumasach on October 22, 2015

It will be interesting to learn more about this new financial centre.

China Builder Revives $2.6 Billion London Project After Xi Visit

Bloomberg

22nd October, 2015

Chinese developer ABP (China) Holdings Group Ltd. has brought in a unit of state-backed Citic Group as an investor in a project to transform London’s Royal Albert Dock into a financial center after the estimated cost surged and work was delayed.

Read more

Posted in Multipolar world, UK economy | Tagged: | Leave a Comment »

China is rising as the US declines

Posted by seumasach on October 21, 2015

Britain can’t ignore this reality

Guardian

19th October, 2015

Who would have guessed just three years ago that the David Camerongovernment would be the author of the boldest change in British foreign policy since the second world war? That is exactly what is now unfolding.

 

Posted in Multipolar world, UK economy | Tagged: , , | Leave a Comment »

Britain’s fragile finances are a political no-go area

Posted by seumasach on May 3, 2015

Liam Halligan

Telegraph

2nd May, 2015

Aren’t financial assets “simply pumped up by printed money?” Don’t share prices “need to adjust downward by something like 50pc?” Is it “really the case that if Greece leaves monetary union, other countries won’t follow?” It must “surely be wrong to try solving a debt problem by taking on even more debt?”

Read more

Posted in Financial crisis, UK economy | Tagged: , , | Leave a Comment »

China ploughs £1bn into Docklands

Posted by seumasach on April 14, 2015

“The investment is a strategically important beginning for our exploration in the European market,” Li Huaizhen, Minsheng’s CEO, said in Shanghai

Telegraph

15th February, 2015

A Chinese investment firm has announced it is to invest £1bn in a homegrown development project to create a third financial district in east London.

Read more

Posted in UK economy | Tagged: , , | Leave a Comment »

Crippling PFI deals leave Britain £222bn in debt

Posted by seumasach on April 12, 2015

Independent

12th April, 2015

Every man, woman and child in Britain is more than £3,400 in debt – without knowing it and without borrowing a single penny – thanks to the proliferation of controversial deals used to pay for infrastructure such as schools and hospitals.

Read more

Posted in Financial crisis, UK economy | Tagged: , | Leave a Comment »

Let’s clear away the Trident delusion

Posted by seumasach on April 6, 2015

Dan Plesch

Independent

19th September, 2010

‘Britain’s ability to continue with nuclear weapons without US support becomes very slim to the point of invisibility”, the Conservative defence specialist Dr Julian Lewis MP admitted in 2005 when addressing a conference in Whitehall. Indeed, British nuclear weapons rely on “American goodwill” according to Colin Gray, a strategist favoured by both President Bush Snr and Mrs Thatcher.

Read more

Posted in Global peace process, UK economy | Tagged: , | Leave a Comment »

A look at the new China-led financial institutions

Posted by seumasach on March 23, 2015

 

Here is confirmation of China’s potential world leadership. From now on, China has internationalized its “soft power” and these institutions will become truly global in their scope. Why else would “developed countries” like Britain be so desperate to join them- to make sure they live up to our own exacting standards of financial probity?If capital investment coming into Britain comes through banks of which we are founding members things become a lot easier politically

Deutsche Welle

20th March, 2015

The BRICS New Development Bank (NDB), the Asian Infrastructure Investment Bank (AIIB), and the Silk Road Fund are all international initiatives spearheaded by China over the past months that symbolize Beijing’s growing influence in providing development funding and potential new sources of financing for developing countries.

Read more

Posted in Multipolar world, UK economy | Tagged: , , | Leave a Comment »

UK snubs US to join China-led Asian bank

Posted by seumasach on March 14, 2015

BRICS Post

13th March, 2015

Overlooking US censure, the UK has announced its decision to join China’s Asian Infrastructure Investment Bank, becoming the first “major western country” to apply for membership.

“I am delighted to announce today that the UK will be the first major Western country to become a prospective founder member of the Asian Infrastructure Investment Bank, which has already received significant support in the region,” said UK Finance Minister George Osborne on Thursday.

Read more

Posted in UK economy | Tagged: | Leave a Comment »

 
Follow

Get every new post delivered to your Inbox.

Join 1,034 other followers

%d bloggers like this: