Today, the Chancellor of the Exchequer is making a special announcement about his fiscal plans. We are not allowed to call it an emergency budget though. He does so, primarily to give a bit more detail about how the Government are going to help with the energy crisis. This is part two following on from… Continue reading What should the Chancellor do about recession?
Living through economic hard times, a practical suggestion
One of the big fears at the moment is that we are about to hit a recession. A recession is a period of time, technically a minimum of two quarters (6 months), when the economy shrinks. A shrinking economy is likely to lead to significant job losses as businesses cut costs to survive. Meanwhile, some… Continue reading Living through economic hard times, a practical suggestion
Rest: Sabbaths, cycles, recessions and plagues
I remember listening to a lecturer at University argue that you could track world economic activity against 50 year cycles. Each cycle would include a period of growth and a period of decline. He argued that in fact there was little that government intervention could do to change the overall direction of things. In his… Continue reading Rest: Sabbaths, cycles, recessions and plagues