Wednesday, 26 June 2019

Boris Johnson Rejects Study Which Says His Tax Plans Would Cost Government £££

"It means a continuation of the 'thin the poor, fatten the rich' policies of the last decade" says Steve Keen after an Institute for Fiscal Studies study reveals that Boris Johnson's tax plans will cost the government billions.

Tuesday, 25 June 2019

China Delivers US Dollar a Golden Blow

China’s continuing push to increase its gold reserves to counter the US dollar has sustained a worldwide gold-buying spree. Last week’s US Federal Reserve Board meeting - an event signaling a likely drop in US interest rates – also contributed to the spike in the price of gold. The US dollar’s status as world reserve currency may be in jeopardy.

Wednesday, 19 June 2019

40 Years after Thatcher: Inequality in the UK – BBC Newsnight

Forty years after Margaret Thatcher came to power, is the UK once again on the brink of a sea change?

In the final of a series of three films about the direction of the UK, our economics editor Ben Chu looks at the issue of inequality.

He visits Cambridge, home to Silicon Fen, and is joined by Shadow Chancellor John McDonnell, chief secretary to the Treasury Liz Truss and former Bank of England governor Lord King.

Tuesday, 18 June 2019

UK Led towards No-deal Brexit by Untruthful Elite, Says Ex-EU Envoy

THE GUARDIAN: Ivan Rogers offers withering assessment of Tory candidates vying to be prime minister

Britain is being led to a no-deal Brexit by a political elite “which has great difficulties discerning and telling the truth”, the UK’s former ambassador to the EU has said, in a withering assessment of the Conservative candidates vying to be prime minister.

Ivan Rogers, who resigned from his post in 2017 after clashing with Theresa May’s senior advisers, suggested it was “probable” the UK would leave the EU without a deal in what he described as an act of “economic lunacy”.

He said the Tory leadership election brought to mind the quote of the French statesman Charles-Maurice de Talleyrand-Périgord about the Bourbons in that they had “learned nothing and forgotten nothing”.

“We hear all manner of undeliverable promises, made as if the events of the last three years have made no impact on the collective consciousness,” Rogers said of the remaining leadership candidates. » | Daniel Boffey in Brussels | Tuesday, June 18, 2019

Sunday, 16 June 2019

Wealthy Americans Have So Much Money They Don’t Know What To Do With It

According to an infuriating new report by Axios, corporations and the wealthy elite have so much money now that they don’t even know what to do with it. They are running out of stocks to buy back and they don’t have many other investment options, so they end up simply hanging onto their cash. Weren’t they supposed to spend it on workers? Wasn’t that the deal that Republicans told us was definitely going to happen? Ring of Fire’s Farron Cousins discusses this.

Friday, 7 June 2019

Trump's Trade War & Coming Recession...The Fed Can't Save Us, But Gold Can

While President Trump continues to pile up one bad trade policy after another, Fed Chairman Powell indicated that he's ready to pile on too! More money printing, more debt creation and more QE look to be in America's future.