Posted on 2:57pm Monday 23rd February 2009
THE UK National debt is set to rise above £2 trillion, a figure that is higher than Britain's Gross Domestic Product (GDP) - meaning the nation's wealth would be outstripped by its debt. At the end of March 2008, general government debt was £614.4 billion, equivalent to 43.2 per cent of GDP. At the end of January 2009, general government debt was £703.4 billion, equivalent to 47.8 per cent of GDP.
Posted on 9:00am Tuesday 10th February 2009
Last Friday I was one of the speakers at the Chamber of Commerce seminar Swim, Don’t Sink!
Posted on 11:04am Monday 9th February 2009
IT has been said, "A Butterfly flapping its wings in Peru can start a change in the weather that leads to a typhoon in China." Fear is infectious, spreads quickly and can turn out to be overwhelming and like the flapping of butterfly’s wings affecting the weather, the current economic fear started somewhere.
Posted on 4:30pm Thursday 15th January 2009
I have real concern about the rising doom-and-gloom which has been voiced by many, including the British Chambers of Commerce (BCC) following a recent economic survey.
Posted on 3:21pm Wednesday 31st December 2008
HINDSIGHT is a wonderful thing. As recession grips, “bust” (a state of the economy allegedly banned to history) seems to be following the “boom” (another state of the economy also banned to history).
Posted on 7:00am Thursday 11th December 2008
With the economy under strain, many small and medium-sized businesses in Dorset are beginning to find conditions tough.
Posted on 10:19am Monday 1st December 2008
In his pre-Budget report Alistair Darling delivered economic downgrades bigger than any since the 1980s - the row of glum faces on the Government benches as he predicted misery for large swathes of the population said it all.
Posted on 2:01pm Tuesday 28th October 2008
THE British Chambers of Commerce Quarterly Economic Survey (Q3 2008) received over 5,000 responses from businesses of all sizes and sectors and virtually all the key national balances have worsened, and many are in negative territory for the second quarter in a row.
Posted on 10:35am Monday 29th September 2008
Prosperity based on borrowing is how, over the last decade, this Government have fuelled the economy. This Government and the Country has been on a borrowing binge on the back of property prices and the belief that somehow the property boom would go on and on.
Posted on 5:50pm Monday 21st July 2008
THE Highways Agency must not be allowed to treat Stonehenge as an obstacle to plans for a motorway style link from London to Penzance.
Posted on 2:16pm Thursday 26th June 2008
THERE are big concerns about the state and direction of Britain’s railways, particularly given the fact that previous governments both Labour and Conservative have rightly been accused of massive under-investment throughout their nationalised period.
Posted on 9:29am Tuesday 10th June 2008
According to a former Bank of England policy maker Britons face a sharp fall in living standards as the western world faces up to a new era of stagflation - high inflation and low growth.
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