Economic Recovey?
UK retail sales rose by 13.9% in June compared to May, taking them back to near pre-lockdown levels. In addition UK PMI data for Services rose to 56…
OBR Report Shows We Are Headed For Rising Interest Rates, a Financial Crash, and Inflation
In its latest Fiscal and Sustainability Report, the OBR notes that the Public Sector Borrowing Requirement (PSBR), or what it now calls public sector…
Post Covid Prices and Revenues - Revenues - Profit of Enterprise
Profit of Enterprise
Surplus value/profit falls because the value of labour-power rises, as costs rise due to falling productivity, as a result of me…
Post Covid Prices and Revenues - Revenues - Interest and Rent
Interest and Rent
Interest
I've already set out why interest rates are set to surge, as massively increased borrowing meets falling realised prof…
Post Covid Prices and Revenues - Interest Rates
Interest Rates
The first manifestation will be from interest rates, because increases in money supply take around two years to feed through into high…
Covid Induced Inflation
For the last week or so, I have been writing about the effects of prices and revenues of Covid19, and the measures arising from it, such as the addit…
Post Covid Prices and Revenues - Borrowing and Spending
Borrowing and Spending
Having closed down employment, in a number of areas, the government was faced with the problem that thousands of businesses wo…