Posts tagged ‘UK’

June 20, 2014

The British recovery. No conundrum there… (4 graphs)

and probably it will never recover, that is what you get when you take all jobs and all investments to Southeast Asia

Real-World Economics Review Blog

The British economy has not yet recovered in any meaningful sense of the word. Production per capita is not back to historical levels, private debts are still sky-high, the number of crappy jobs is increasing and productivity is about 7 to 8% below ‘trend’ (a downward adjusted trend, that is), which is of course consistent with the increase of crappy jobs. Also, according to the PSE

The percentage of households who fall below society’s minimum standard of living has increased from 14 per cent to 33 per cent over the last 30 years, despite the size of the economy doubling. This is one of the stark findings from the largest study of poverty and deprivation ever conducted in the UK. Other key figures reveal that almost 18 million people cannot afford adequate housing conditions; 12 million people are too poor to engage in common social activities; one in three people…

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May 29, 2014

Madrid lost the Olympics bid for attacking Gibraltar

If you carry on with these border queues we will make sure you don’t get the Olympic Games” said PM David Cameron to the head of the Spanish Regime, Mariano Rajoy.

     “The great disappointment“, shouted the front page of El Mundo newspaper, while ABC said “Goodbye to the Olympic dream“. Madrid came in a surprising third place behind Istanbul and winners Tokyo despite being tipped as the favourite in the lead-up to the bid last September. During Madrid’s final presentation in Buenos Aires, Spanish Olympic Committee President Alejandro Blanco fielded a set of difficult questions from British IOC delegate Adam Pengilly, according to online sports website Inside the Games. The day before the host city election, thousands of Spaniards filled the streets around the Puerta de Alcalá in the heart of Madrid, high on the hopes of victory, with big screens expected to beam in good news from Buenos Aires. But the party atmosphere dampened as the rain started to fall, with Madrid unceremoniously booted out in the first round, silencing the crowd, and sending them home, or to drown their sorrows.

   British Member of the European Parliament Sir Graham Watson, a Liberal Democrat, reportedly told the Gibraltar Broadcasting Corporation: “Indeed I am told that PM (David) Cameron actually said to the Spanish Prime Minister (Mariano Rajoy), ‘If you carry on with these border queues we will make sure you don’t get the Olympic Games.” But a spokesperson for David Cameron’s government has dismissed Watson’s comments, claiming the UK “did not favour any of the three finalists over others, and there was absolutely no UK attempt to influence any of the bids“.

   Tensions between the UK and Spain flared in July 2013 when the Spanish Regime, trying to create a smokescreen to divert attention from its economic problems, started a fear campaign against the people of Gibraltar and surrounding area, with military incursions in Gibraltar territorial waters by the Spanish Guardia Civil, one of the many militarized forces that supported the fascist General Franco’s regime.

May 14, 2014

Ugly deflation in the nineteenth century – and now

mysteries of the economic science

Real-World Economics Review Blog

During the 1855-1914 period product price deflation in the UK did not necessarily coincide with low growth or a shrinking economy. However. When product price deflation coincided with lower earnings for labour the result was (almost) invariable sub par growth and often even outright economic decline and rising unemployment.

The Eurozone as a whole ‘is only one shock away’ from serious deflation. In Greece, which has seen its domestic price level decline at a rate of about -3% for quite some time now, serious deflation has already arrived. This means that the discussion about the consequences of inflation is flaring up. Paul Krugman for instance chides Jaime Caruana, head of the Bank of International Settlements, for invoking an a-historical conceptual framework when he compares nineteenth century bouts of inflation with the situation today. The ideas of Caruana are based upon work by Claudio Borio and Andrew Filardo

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May 13, 2014

Change in median earnings 1998 to 2013 in USA vs. UK

you should see those figures compared to countries like Spain or Greece..

Real-World Economics Review Blog

from David Ruccio


David Blanchflower and Stephen Machin use this chart to illustrate the fact that, in the United Kingdom, “The real wages of the typical (median) worker have fallen by around 8–10% – or around 2% a year behind inflation – since 2008.”

But, as we can see, the situation for workers in the United States has been more dire, for a longer period of time: real median weekly earnings are basically unchanged for the past 25 years.

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December 24, 2013

Madrid’s biggest fear:unity at both sides of the border

 We may be different, but we all have now the same menace over our heads: the double faces of the Government of Madrid. A regime with no respect at all for the democratic will of thousands of gibraltarians, and a regime with no respect for human rights when there are no cameras recording.

December 20, 2013

Spain blocks aids for typhoon victims

 Spanish officials at the border town of La Linea stopped the truck, saying they were unable to give authorisation for the food – which was mainly tinned or in packets – to be moved within the European Union.
MPs accused the Spanish authorities of creating yet more hassle for Gibraltarians, as part of the dispute with Britain over sovereignty of the Rock.
Tory MP Andrew Rosindell said: ‘The Spanish are behaving in a hateful fashion.
‘We are fast reaching a point where Britain will have no choice but to show Madrid – in a drastic way – that their behaviour will not be tolerated.’

A British MP has accused Spain of acting in a ‘hateful fashion’ after it stopped a truck loaded with aid for the victims of the Philippines typhoon from leaving Gibraltar.
The vehicle, carrying food, blankets and clothes, was heading to the Spanish port city of Algeciras, where its container was to have been loaded on to a ship bound for Manila.
The supplies had been collected by a Gibraltar charity at jumbles sales, and were to be given to families left homeless by Typhoon Haiyan.

November 21, 2013

Killing British Citizens and other things you can learn at Spanish schools

   The barbarism inside the Spanish Regime seems to have no limits. Check out this video about a theatre play in a school in Zaragoza (Spain) where pupils perform a simulated invasion of Gibraltar, killing all men, women and children they found on their way…real creepy stuff where you can see children performing as “guardia civiles” (one of the military corps that supported General Franco in his 40 years of terror) killing innocent people for fun under the supervision of their teachers.

September 13, 2012

The Bunkering interests of Minister Arias Cañete in the UK overseas territory of Gibraltar

After some ambiental issues (Large areas of land were burnt in several arsons that the Ministry of Agriculture and Environment could not hold for lack of resources due to budget cuts) Spanish Minister for Agriculture Miguel Arias Cañete is again at the centre of controversy after the reports that his family is linked to the Gibraltar Rock’s bunkering business.

Canete and his work colleague, Mary Pains from Cospedal

The matter has drawn political attention after Spanish Foreign Minister Jose Garcia Margallo’s remarks last week that “the Spanish Government would regulate bunkering activities and implement other environmental protection measures in its EU approved nature protection (SCI) site in local waters“, itself the subject of a diplomatic row and legal challenge by Britain and Gibraltar in Europe.

September 13, 2012

Gibraltar National Day: what is all about

A short video with a brief explanation about Gibraltar’s most important day of the year.

Will ever be possible for us spaniards and for people of Gibraltar live in peace without Madrid’s Government inferences? I hope so, bro..