On the U.K. economic mess

Standard

“ Real incomes are falling. Inequality is rising. […] The economy is barely rising despite more than eight years of unprecedented stimulus from the Bank of England. Personal debt is heading back towards its previous record levels. International cooperation has rarely been weaker. There is a profound disconnect between the financial markets, where asset prices regularly scale new heights, and the state of the real economy. Now ask yourself this. If any of the above rings true, what is the real fantasy: Labour’s idea that income, wealth and power should be a bit more evenly distributed or the idea that the current state of affairs can be sustained for very much longer? ”

Larry Elliott, ‘Is Labour’s manifesto living in fantasy land? Quite the opposite’, The Guardian

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s