Britain is in the grip of a housing crisis. But contrary to some Daily Mail speculators, the bricks and mortar economy is not going the way of Japan, circa 1990. Economist, Neil Wilson, explains why the same economic and political forces suppressing Japanese prices will keep British prices artificially inflated for the foreseeable future.
UK student loans are administered by a wholly government-owned private company that is technically insolvent and cannot guarantee or compel repayment. Yet Jeremy Corbyn is now back-pedalling over Labour’s promise to abolish university tuition fees, when it could abolish student loans, past, present and future, with a phone call and a pen.
The Governor of the Bank of England, Mark Carney makes about £800,000 a year, of which £250,000 is a top-up to help with the rent, has the right to change interest rates without accountability and cannot be removed from his job. What could go wrong?
Having helped lay waste to the British economy, Tory MP George Osborne has been rewarded with an honorary teaching position in the economics department of Manchester University.
Neil Wilson examines the Tory MP George Osborne’s culpability for the damage he caused to the British economy whilst he was Chancellor.