Topic Archives: Economy

Nationalisation is always a disaster: another truism in need of challenge?

Corbynmaina has gone a little quiet recently centrally due to repetition. Personally I am still unsure whether he will win or not. However, after having looked at some of the potentially questionable truisms regarding the unelectability of Labour in 1983 and the disaster which was the 1970s, I thought, to take our minds off the more…

Finance Ministers from the devolved administrations issue a warning on cuts

geppi

Interesting article that caught my eye on Politics Home today was a joint letter issued by the Scottish Finance Secretary, John Swinney, Welsh Finance Minister, Jane Hutt and our own Finance Minister, Arlene Foster, to the Chief Secretary to the Treasury, Greg Hands about the pace of spending cuts coming from Westminster. The letter warns more…

The disaster of the 1970s: truisms in need of challenge?

As I noted previously in relation to the 1983 election campaign there is a tendency in political analysis to accept truisms which are historically inaccurate or at least highly incomplete. One of the recent manifestations of this tendency (also related to the current Labour leadership campaign) is that Corbyn is going to take the UK more…

Why I Left My Job and My Favourite Place in the World

Emma Canavan is a former journalist with BBC Northern Ireland and is currently travelling around the world this is her story from her blog and we wanted to share her story with you. When I was younger, through my teens and university life, I had high expectations of what life has to offer. I wanted more…

McWilliams on EU economic re-alignment driving a possible United Ireland

David McWilliams has an interesting column in today’s Sunday Business Post which muses on whether a United Ireland may not be that far away. The essential premise of McWilliams argument is that looking through history we have seen rapid changes, some of them very unexpected. Even in our own history, McWilliams points out the seemingly more…

“Still, there are words for the sort of reception meted out, and the most polite are ‘low’ and ‘key’.”

Meanwhile, back at the ranch… or, rather, as far away from the ranch as you can reasonably get…  For the benefit of those concerned about accountability and the democratic process…  Liam Clarke has some points to make about Northern Ireland Secretary of State, Theresa Villiers, and the Northern Ireland deputy First Minister Sinn Féin MLA Martin McGuinness’ recent, more…

The resources to end austerity In Ireland

Ireland map

Economist, Michael Burke writes for us looking at the economics of austerity and how they compare in Northern and Southern Ireland The claim from supporters of austerity is there is no money left and that therefore TINA, there is no alternative policy. These assertions are false. Table 1 below shows the level of output in more…

“future banknote designs, starting with the new polymer £5 note, will explicitly represent all four nations of the UK.”

As mentioned in this BBC report focused on the first Bank of England polymer banknote – a £5 note featuring Sir Winston Churchill which will be issued in 2016. Banknotes will feature images from all four nations of the UK starting with the new £5 note entering circulation in 2016. [Timing, eh? – Ed]  Eh?  more…

After Greece – where now for Cameron’s negotiating?

David & Donld

Donald Tusk has improved his English lately, which may have something to do with his employing of an Ulster-born speech-writer. The former Prime Minister of Poland took-over from Herman “damp-rag” Van Rompuy as the President of the Council of the EU last year, this was the job once sought by Tony Blair, but no British more…

Greek deal: This Is NOT a Coup

EU flag

Whether the Syriza-led government of Greece survives its own domestic democratic pressures remains to be seen following the deal struck at the Eurozone summit yesterday – in the end the 28 EU leaders didn’t have to meet…  The Guardian live-blog on the Greek crisis notes one possible scenario Analysts at Eurasia Group suspect Greece could soon head towards more…

What Austerity is what it isn’t (and, really how not to haggle)…

Now, notwithstanding the sage advice of Chris Dillow that “understanding support for austerity requires not an economist but a psychologist”, here’s Newton Emerson to duly report that whatever Northern Ireland is suffering, it sure ain’t austerity: HNIW9 from The Detail on Vimeo. There’s the narrow case that Newton makes here, but to that you can more…

A Banana Republic without Bananas

bananas-652497_1280

According to Wikipedia a Banana republic is “a politically unstable country, whose economy is largely dependent on exporting a limited-resource product, e.g. bananas. It typically has stratified social classes, including a large, impoverished working class and a ruling plutocracy of business, political, and military elites. This politico-economic oligarchy controls the primary-sector productions to exploit the more…

The Great Corporation Tax Reform Dilusion

Budget 2015 presented yesterday by George Osborne included another cut to the UK Headline Corporation Tax from 20% to 19% in 2017 and 18% in 2020 which means that the UK is now has the lowest Corporation Tax rate of the G20 Nations. The difference between the headline Rate in the Republic of Ireland and more…

Has George Osborne Already Begun Fighting the Next Election?

So Ed wasn’t so red after all. George Osborne’s budget yesterday contained at least six promises that Labour set out in their manifesto for the May elections, including further taxes on the banks, the increasing the NMW (I refuse to call it the national living wage) and (not quite) abolishing non-dom status. Indeed, poor Andy more…

Cuts lead third level education down the path of the privileged

Eugene Tinnelly is a founder member of the Student Poverty Alliance Group. He writes for us about the cuts in higher education Education should be free. Whether it be primary level or third level, your access to education should not be determined by what’s in your wallet but instead, by what’s in your brain. People more…

European Council President on Greek Crisis: “the final deadline ends this week”

EU flag

Following what the German Chancellor, Angela Merkel, is reported to have described as a “very long, intensive”, “very clear and candid discussion” at the emergency summit of Eurozone leaders in Brussels tonight, some details are emerging of the next steps in the continuing Greek crisis.  From the Guardian’s live blog. Europe has given Athens one more…