Monday 04 Jun '12The latest figures for GDP growth should not come as surprise to anyone. It was clear at the time of the Budget that political compulsions on the UPA were preoccupying the FMís mind. He said so himself.
Monday 25 Oct '10The UK economy has just had a strong purgative delivered to it by Chancellor George Osborne. He has put forward a plan to cut the budget deficit, around 11% of GDP down to zero within one parliament.
Monday 25 Aug '08There was a strike on Wednesday. I gather the worst hit states were the Left governed ones. So this is a sort of political self-mutilation. I suspect the parties in power are chalking that up as a triumph and will trumpet it at their next meeting.
Monday 28 Jul '08George Soros has said this is the most serious crisis since 1929. He may be right or he may have merely shorted the market and is hoping his prophecy will yield profits. In 1929, the stock market crash did not immediately bring depression. It took the next four years for the full shock to be felt.