Tag Archives: debt
Car Crash Economics
Someone asked me recently what I thought of the ConDem government’s management of the economy. My response? Like a car crash, only rather more horrific. Allow me to explain… Back in 2007/8, the UK economy nose-dived. The uncontroversial cause was the bursting of a credit bubble, which left the private sector with huge debt relative […]
Let them explain Japan
At a recent Green Party meeting, we asked Martin Horwood MP the following question: “Despite posting consistent budget deficits for the past two decades (racking up a “national debt” more than twice its GDP in the process), the Japanese government continues to be able to sell its bonds at low interest. How does this square […]
Cheltenham & Gloucester Against Cuts 