Don’t bemoan bills; bemoan wages
By Nathan Lee, Politics and Finance Writer It would seem we’re missing a crucial economic component. Price rises - as inevitable as the morning sun - are not being met with real wage increases, leading to a proverbial squeeze on households. The Bank of England's two per cent base rate hasn’t been realised for some time which means not only are wage levels stagnant, inflation is high and quite evidently out of the control of monetary bodies, leading to a...
War and terror
By Jack Peat, Editor of The London Economic Coordinated occupation of armed forces avoids the terrorism label, but it isn't exempt from it. Britain has invaded all but 22 countries in the world in its long history according to analysis contained in All the Countries We've Ever Invaded: And the Few We Never Got Round To. Of the countries left untouched, only the likes of Guatemala, Tajikistan and the Marshall Islands make the short list, along with the closer to...
Britain’s ‘Out’ is out of the question
By Pieter Cranenbroek – International Politics Blogger The current British administration is hardly in love with the EU. Prime minister David Cameron proposed an ill-considered referendum on Britain’s future in Europe while Chancellor George Osborne has been reported saying that the EU is ‘killing’ the UK economy. It is yet another error of judgment on the part of the Tory government, and two recent reports confirm what we already know: the UK needs Europe. Not only is it preposterous to suggest...
The McDonaldization of British society
Britain's interpretation of a McDonaldized society. The effects of globalisation will result in the world becoming wedged between a bread bun and cheese-coated garnish - was my cursory understanding of George Ritzer's vision of a McDonaldized society. As panic spread across my face over the cosmological effects of such a bizarre looking planet, I decided to forgo contemporary reading habits and actually open the book – which got me thinking about a few British high street staples, and how they...
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