Sunday, Aug 13, 2006

Roger Bootle: Economic agenda

Telegraph: Fair stands the wind for Britain?

When I started writing these columns almost exactly six years ago, the hot topic was the oil price and the consequences it might have for inflation, interest rates and economic activity. Plus a change!

People were worried then because oil had just reached the heady level of $30 a barrel, compared with $76 now. Interestingly, interest rates were 6 per cent, compared with the current level of 4.75 per cent. But last week's quarterly Inflation Report from the Bank of England raised a few spectres. Is the economy about to enter a darker period?

Posted by jason @ 01:44 AM (480 views)
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1. Retiredbanker said...

Margaret Thatcher thought that this country could exist solely as a service economy.

Seems unlikely to me, particularly with the dismal education standards now prevailing ( spell your own
name correctly and get a degree), and the ever increasing competition from far eastern countries.

Perhaps about 5% of our 65million population will prosper in a global "knowledge based" economy, and
they will undoubtedly maintain their wealth in overseas tax havens.

What about the rest of us?.

Sunday, August 13, 2006 11:11AM Report Comment

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