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Guest article written for AllAboutAlpha.com – the official publication of the Chartered Alternative Investment Analyst (CAIA) Association Originally posted at: http://allaboutalpha.com/blog/2012/09/24/the-future-of-the-uk-economy The United Kingdom is a tiny island, with an astonishing economy.…
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Big firms can get credit and are not using it while small firms cannot get credit at all.
— David BlanchflowerFormer Federal Reserve Member & Leading Labor Economics Scholar
If you want to rebalance, you have to understand that you must rebalance from construction and finance into something else. But what? It's very hard to see where any sustainable growth can come from.
— David BlanchflowerFormer Federal Reserve Member & Leading Labor Economics Scholar
To talk of 'a march of the makers'... I was just looking at a collapse in the numbers of process, plant and machine operatives... The march of the makers has actually been a march of the unemployed-makers!
— David BlanchflowerFormer Federal Reserve Member & Leading Labor Economics Scholar
Why would anybody at all invest in an economy where the three leaders said the country was bankrupt?! That's what's killed off confidence and investment in the economy.
— David BlanchflowerFormer Federal Reserve Member & Leading Labor Economics Scholar
The economy is in the doldrums and likely to worsen. The UK economy has performed worse than most Euro Zone countries, and the calls for a change, of course, are becoming pretty loud. The economists who backed Osborne in 2010 have basically withdrawn their support, the IMF lowered its growth forecast and so on. The government's economic strategy is clearly in disarray.
— David BlanchflowerFormer Federal Reserve Member & Leading Labor Economics Scholar
I would essentially- start by abandoning everything Osborne set out to do. I would be cutting taxes, not raising them. I would immediately reverse the VAT raise that he had. I would immediately remove national insurance on the young, and give firms very big tax incentives to hire and invest. I would impose those within an hour of taking office.
— David BlanchflowerFormer Federal Reserve Member & Leading Labor Economics Scholar
I would essentially start by abandoning everything Osborne set out to do. I would be cutting taxes, not raising them. I would immediately reverse the VAT raise that he had. I would impose those within an hour of taking office.
— David BlanchflowerFormer Federal Reserve Member & Leading Labor Economics Scholar
The economy is in the doldrums and likely to worsen. The UK economy has performed worse than most Euro Zone countries, and the calls for a change, of course, are becoming pretty loud. The government's economic strategy is clearly in disarray.
— David BlanchflowerFormer Federal Reserve Member & Leading Labor Economics Scholar
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