Clik here to view.
Another German lesson: the benefits of an exchange rate target
Yesterday we published An Exchange Rate Target: Why we need one, by entrepreneur and economist John Mills. He argues that the government should set an exchange rate target to lower the value of the...
View ArticleSMEs: Small and Medium…Exporters
HSBC might have started something yesterday. It began with their announcement of a new pot of £5 billion to lend to Small and Medium-size Enterprises (SMEs), specifically wanting to expand into...
View ArticleClik here to view.
Watching out for £20 billion of invisibles
When asked about the balance of payments we think first of goods. A deficit means that we are importing more things made in China and elsewhere than we sell things made in Britain. The container ships...
View ArticleBritain’s shipyards are the latest victims of a rudderless industrial policy
BAE Systems, one of the world’s biggest defence, security and aerospace companies, is to announce today that 1,775 workers will be made redundant from three of its shipyards: Portsmouth, Govan, and...
View ArticleDuring UK export week: How Singapore became a net exporter
Given that this is Export Week, it feels appropriate to re-examine the UK’s position as an exporter. Exporting – it may seem a little obvious to point out – is of paramount importance for UK business...
View ArticleClik here to view.
Largest trade gap on record
‘This is the largest trade gap on record’ was the blunt comment in a statistical release about overseas trade from HM Revenue and Customs on Tuesday (12th November 2013). The manner of reporting can...
View ArticleBritain’s broken relationship with banks – we need a fresh start
Pitchforks at the ready: the banks are at it again. This week it emerged RBS (81% tax payer-owned) will be investigated by the Serious Fraud Office over allegations their Global Restructuring Group –...
View ArticleThe ‘party of working people’ should increase the minimum wage
If this government is vulnerable to any charge it is that economic recovery has benefited few people. Wage rises are still below inflation and job creation has been largely inflated by temporary, low...
View ArticleWhere are the great British export brands?
After the financial crisis revealed the weaknesses of an economy fuelled by service industries and importing goods, all three main parties pledged to make Britain a great exporting nation once again...
View ArticleAn export-led recovery needs an export-led FCO
Before the industrial revolution, the gap between richest and poorest economies was tiny compared to today – the richest being two or three times larger than the poorest. The industrial revolution and...
View Article
