This article was originally published at openDemocracy. This election comes during a remarkable period in British economic history. Over the past ten years real wages have suffered a larger decline than in any other advanced country apart from Greece. Mark Carney, Governor of the Bank of England, recently said that Britain is experiencing its “first lost decade since the … Continue reading We have a real choice between different economic futures
This article was originally published at openDemocracy. Few aspects of our economy are as poorly understood among politicians and the general public as our monetary system. This becomes particularly obvious – and dangerous – during general election campaigns. Last night Theresa May responded to a nurse’s concerns over pay in the NHS by saying “there is no magic money tree” … Continue reading There is a magic money tree – don’t let politicians tell you otherwise
I am delighted to announce that I am taking up a new role as Economics Editor at openDemocracy.
This new policy briefing highlights the role of land in the economy and its impact on the housing crisis. We provide a series of recommendations designed to put land to better public use and to start to break the housing market’s dominance over our economy.
Figures released today show that parents are set to lend more than £6.5bn this year to help their children get on the property ladder, making the ‘Bank of Mum and Dad’ the UK’s ninth-biggest mortgage lender. The figures are revealing: a further, troubling sign that the UK’s broken housing market is driving a wedge through society.
Deregulation has been disastrous for our economy. We must not do it again.
The new 12-sided £1 coin launches tomorrow – the first change to the familiar design in more than 30 years. But there's more to money than physical cash.
The Financial Times' Kate Allen describes 'Rethinking the Economics of Land and Housing' as "a lucid exposition of the dysfunctional British housing market."
Our financial system is hooked on the buoyancy of an unsustainable housing market. Homes routinely ‘earn’ more than people do. How did we get here? And is this actually ever going to change?
Yesterday Philip Hammond delivered his first Budget as the new Chancellor of the Exchequer. Here are five things he forgot to mention.