Tag Archives: Economics

Who needs a prefix anyway?

Once in a blue moon a banker does something so out of character it makes you wonder if someone squished his Bentley…just to show him who’s boss. So it is with Mr Crosby of HBOS, who a few days ago I would have called ‘Sir’ James.

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Show me the money

Getting rich people to pay taxes seems just about as difficult as climbing Everest in your nightie. During a blizzard.

Well, today some of the world’s richest people have been named and shamed for their penchant to stash money in offshore accounts, mostly in the British Virgin Islands near the Caribbean.

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Live long and prosper

Good news! If you were born in the UK since 2007 (unlikely, if you’re reading this) then you can expect to live for over 100 years. But there’s a catch. I’ll get to that.

This blog is called jinxedgeneration for a reason – it’s main focus will be on young people, particularly in Britain – those who aspire to live well but are set to inherit an unsustainable world on a collision course with catastrophe. No, I’m not banging on about global warming, although that’s part of the problem. I’m talking about housing, healthcare, income, jobs and quality of life: the transfer of wealth from the young to the old.

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The “aspiration nation”

A mere six hours from his Twitter debut, Britain’s chancellor, George Osborne, had 27,800 followers. Before he could so much as tweet twice, he was greeted with more than a few angry obscenities including delights such as “@George_Osborne go stick your cock in a tiger.” And that’s before he even started speaking. Needless to say, Britain’s 2013 Budget is a tender issue.

Here’s a run down of the most important points for young people in Britain. (I have ignored stuff which doesn’t really affect our jinxed generation. The full summary of Budget changes is here).

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Triple dip? You aint seen nothin’ yet

In economics, everybody is in the same boat. Everybody has an oar, rowing in a different direction. Everybody’s oar is a different size. Oh, and there’s a wind. And strong currents. And the odd waterfall.

So it is in Cyprus this morning, as people rise to the knowledge that some of their savings are about to be taken to bail out their sinking banks. I feel sorry for the people of Cyprus, which include a large number of British service personnel. But the big danger is that this bailout (or rather, “bail-in”) will do just the opposite of what it intends: plunge Europe back into financial crisis. This is how…

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