The Productive Pessimist

  End of the road for economic growth in the UK? The UK government - and most Western European governments - hyperfixate on economic growth  as a measure of political success: If growth is strong, the claim goes, then the government of the day are doing things right, regardless of how popular their policies are with the public.  If growth slows, the government has clearly made the wrong decision, and needs to alter course, and prove that they deserve  to be in charge. This is something that has become a sacred truth in government.  "This will destroy  growth!"  "This risks crashing  UK growth prospects!" have become ever-more aggressive reactions to policy suggestions from opposing parties, or individual politicians.  Initially, I assumed this was deliberate fear-mongering; because the public associates "economic growth" with " my  individual life improving, me as an individual  having more money for less work, and everything gettin...

  Over the next couple of weeks, we'll be introducing the individual elements of full-spectrum inclusion, which are all considered equally and combined in our inclusive design and practice consultancy  services. We're starting with Financial Inclusion , because we're approaching that time of the year when, in the UK, prices skyrocket a full four weeks before most peoples' "inflation-related-pay-increase" kicks in. (Make it make sense, UK...it's a fiscal version of kids gathering their stuff & getting to their feet the minute the bell rings, with teachers screaming "the bell is my signal, not yours!!!", completely pointlessly.) (To American "wealth influencers" - your  education in financial inclusion starts with this fact: In the UK, "presenting a record of all your achievements, and all the additional work you've undertaken, and then requesting a raise" will not work.  99% of companies here tell you at your initial in...

                                            On Friday 20th September 2024, it was revealed that the UK’s national debt was equal to the income the UK was able to generate; in short, debt was at 100% of GDP. This last occurred in the 1960s - and resulted in the following decade, the 1970s, being extremely difficult for ordinary people, with standards of living declining sharply across all demographics, something which, inevitably, hit those who were already experiencing poverty the hardest. The 1970s saw a massive loss of manufacturing in Britain - historically, the one sector that had been able to pull Britain through the downturns of economic cycles, because the UK used to be known, and respected for, exceptional quality of its manufactured goods, and many countries around t...