UK Government record borrwing in November

The UK government continued to support the economy during the pandemic by borrowing soared in November hitting £31.6bn the highest level on record according to the office for National Statistics and the third-highest figure in any month since records began in 1993. The Independent Office for Budget Responsibility has estimated that the amount of borrowing…

Mythical look at Britain’s unexpected places

  A Britain in the cracks of the urban façade, a land where unexpected life can flourish, a  land of industrial estates and electricity pylons, o motorways and ring roads of hospitals and housing estates of roundabouts and flyovers, places where modern life speeds past but where people and stories nevertheless collect. Places where human…

Pandemic – the exposed poor and the shielded Rich

The Pandemic has touched every aspect of life bringing death, disease, isolation, joblessness, fear, grief, and despair amid deepening social and economic unequalness. Globalisation is under pressure from nationalism, as countries have closed borders, hoarded PPE  and bartered over vaccine. As geopolitical alliances are being reshaped, the US seems in disorder, China appears invigorated. The…

Economic long term Stagflation

Economy is bothered about demography, although ageing and shrinking of the population across the world is a striking and a new phenomenon on the human history. Demographic and globalisation will reverse three multi-decade global trends  and will raise inflation and interest rate, but lead to a pullback in equality.  Whatever the future holds it is…

Corruption of the British State

  The construction giant Carillion, an outsourcer of huge Government building contracts, leading to one of the greatest financial scandals of modern times following their collapse in January 2018. When it folded it had only £29 million in the bank and debts and other liabilities adding up to a staggering £7 billion, amounting the final…

The logic of capitalism

A highly provocative book by an Indian academic who is the Associate Professor of Modern South Asian Studies at the University of  Copenhagen, revealing how India is being repackaged into a national brand  to be sold to foreign investors, part of ongoing historical shift. “The capitalist transformation of India wherein the logic of capital is…

“The US should neither run the world, nor run from it”

  In 1796, American President George Washington in his farewell address cautioned the young nation “to steer clear of permanent alliances with any portion of the foreign world. “ Isolationism thereafter became one of the most influential political trends in American history. From the founding era until the Japanese attack on Pearl Harbor, the United…

How Dirty money is quickly anonymised

Award-winning investigative Financial Times journalist Tom Burgis reveals a terrifying global web of corruption by following the dirty money that is flooding the global economy, emboldening dictators, and poisoning democracies, spanning Kremlin to Beijing, Harare to Riyadh, Paris to the Trump White House, all at a terrible human cost. A body in a burned-out Audi.…

UK economy grows by  15.5 per cent

The UK’s economy bounced back from recession in July to September, but growth showed signs of slowing down at the end of three months. Growth of 15.5 per cent from July to September after a six-month slump induced by the first coronavirus lockdown was the biggest on record according to the Office for National Statistics…