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Tag Archives: UK

Europe’s Shame

I am temporarily departing from my usual finance & economics slant to write about something that I consider utterly shameful: the response of European countries, including my own, to the refugee crisis on their borders.This photo was taken on the Macedonian border today: : Herbert Mayrhofr tweeted this with a comment, "This is not the Europe that I want to live in".I wholeheartedly agree. What kind of society is it that will threaten toddlers with police batons?Many argue that Europe...

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Did Osborne Pause Austerity in 2013?

No, says The Times' David Smith. He says that the notion that there was a pause in austerity is an "austerity myth".He points to this chart from the Office for Budget Responsibility that shows fiscal consolidation as a percentage of GDP (relative to the 2008 Budget) continuing on throughout 2013 and 2014 and 2015:But the OBR's chart doesn't actually show what I would define as austerity. It shows the size of the government budget as a percentage of GDP relative to...

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