The bizarre privilege of consuming the world’s produce in exchange for a fiat currency whilst producing precious little in return has fallen to ourselves and the USA over the last forty years or so. Now we are moving towards non-consumer status as well as non-producer status, towards the collapse of the British economy such as it is. Accompanying this will be the fall of the pound and an inflationary spiral which will see essential goods priced out of the market.

Guardian

18th January, 2013

As far as the City is concerned, it is game over. The depressed state of retail sales – not just in December but in the previous two months as well – means the UK’s national output shrank in the fourth quarter. That leaves the economy halfway towards a triple-dip recession and, with the snow falling, at the mercy of the weather in the first quarter of 2013.

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Guardian

21st November, 2012

George Osborne‘s chances of meeting his deficit reduction targets this year took another blow on Wednesday with the news that the government borrowed much more than expected last month.

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Blow for George Osborne as latest figures mean deficit has widened 22% so far this year – compared with target of 4.6% reduction

Guardian

21st August, 2012

George Osborne’s debt reduction plans took another blow last month as government borrowinghit its highest on record for any August.

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Telegraph

23rd July, 2012

Lloyds Banking Group faces the indignity of another cut price sell off as buyers walk away from its £1.2bn Project Lundy auction. The state-backed bank has had to cut the price of the loans from a proposed 70p in the £1 to just 50p after failing to attract viable interest in a sale

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Telegraph

4th July, 2012

Activity in the sector, which accounts for three quarters of Britain’s economy, came to a virtual standstill according to the Markit/CIPS services PMI, reinforcing expectations that the Bank of England will announce on Thursday £50bn of fresh stimulus to boost the ailing economy.

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I’m prepared to go further- I guarantee that it won’t kickstart the economy

Telegraph

15th June, 2012

The coordinated action by the Bank of England and Treasury will see billions offered to banks on condition they pass it on to businesses and households in the form of cheaper loans and mortgages.

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Guardian

15th June, 2012

A drop in sales of chemicals and cars left Britain’s goods trade gap wider than expected in April, cementing concerns that exporters face a tough year ahead.