Posts Tagged ‘Investment’

What do Britain’s private sector firms contribute?

by Michael Burke.

The main factors that account for economic growth are increases in the workforce or in the amount of productive capital in the economy. A far smaller contribution is made by improvement in productivity as a result of innovation. Since mid-2009 the British economy has grown. But this is wholly accounted for by growth in the […]

Strip the private banks of the power of money creation

by Michael Burke.

The House of Commons held a very important debate this last week on the creation of money, a process which the Big 4 banks have monopolised and thus privatised the money supply.   The abuse of this power over the last 3 decades has been enormous, and I used this debate to propose an entirely […]

There is a magic money tree. It’s called investment

by Michael Burke.

Supporters of austerity have long argued that there is no viable alternative because of persistent government deficits and rising debt. David Cameron put it starkly arguing that “there is no magic money tree“. However these assertions contain two important fallacies. Firstly, it is evident that, if government is increasingly indebted it must be the case […]

Fall in construction output shows Osborne “recovery” has lost momentum

by Michael Meacher.

The latest economic figures revealing a shock fall in construction output of more than 1% between April and May this year are alarming, but might be brushed off as an isolated quirk if all the other evidence pointed the other way. But it doesn’t. The construction slowdown is matched by an unexpected slump in factory […]

94 reasons why French trade unions have boycotted Hollande’s job summit

by Tom Gill.

François Hollande’s jobs summit is becoming a farce. Unemployment in France has risen to a new high of 3.4 million. The socialist President is desperate to be seen to be doing something about it. But Monday yet another union walked out of the two day ‘social summit’, an unprecedented desertion by organised labour for any administration in Paris, let […]

Capital strike: global corporations hoard cash and refuse to invest

by Michael Burke.

The world’s largest companies are hoarding cash and cutting productive investment at the same time. The Financial Times reports a survey from one leading ratings’ agency, Standard & Poor’s, which shows that the 2,000 largest private firms globally are sitting on a cash mountain of $4.5 trillion, which is approximately double the size of Britain’s annual GDP. […]

Labour will inherit a crisis, not a recovery

by Michael Burke.

At a certain point in the next few months the recession in Britain will officially be over as the real level of GDP will finally exceed its previous peak in the 1st quarter of 2008. The media coverage will be generally very favourable, in the hope that this will boost the Tory vote and vindicate the […]

Who’s fooling who at the BBC about the rise of China?

by Michael Burke.

Robert Peston is the BBC’s new economics editor. He has opened his new role with a programme called ‘How China Fooled the World’. For a time it is available on BBC iPlayer and Peston’s own summary is here. In the blog and the programme Peston argues that China dodged the global economic crisis by increasing […]

Only public investment can save Britain from semi-permanent austerity

by Michael Meacher.

There are four reasons why the future of the UK economy, both internally and externally, does not look good. No sustainable recovery can occur till these four obstacles have been cleared, and of that there is no sign. First, the collapse in business investment has been devastating: it is still 25% below its pre-crash level. […]

Why public investment is falling

by Michael Burke.

The level of public investment is falling in most of the advanced industrialised economies including Britain. The chart below appeared in the Financial Times and has attracted some publicity because it shows this decline in the US in stark terms.

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