« Don't blame PPE | Main | Scrounging: how big an issue? »

April 02, 2013

Comments

Anonymous

Electorates are more inclined to vote Labour when the economy is on the up and for the Tories when the economy is in doo-doo.

So even if the Tories claim the recovery is due to them it is unlikely to impress the electorate. Witness the economic recovery that took place under the Major government - following which a landslide Labour govt was elected.

The best Tory tactic, if they want to retain power, is to keep the economy in the doldrums.

Leigh Caldwell

Maybe this is just anecdotal, but I've kept hearing for the last 4 years that (non-financial) companies are hoarding unprecedented amounts of cash. Was this incorrect, or is the new piece of data just that the growth rate of these hoards has ticked up a bit this year?

Of course, I hope you're right. It might even be worth the cost of another Tory government to get out of this stagnation.

chris

@Leigh It's right. Firms' cash holdings have been trending up for years; my chart shows annual growth. For example they grew 10% pa in the 5Y to Dec 2007:
http://www.bankofengland.co.uk/boeapps/iadb/fromshowcolumns.asp?Travel=NIxSTxTAxSUx&FromSeries=1&ToSeries=50&DAT=RNG&FD=1&FM=Jan&FY=1963&TD=2&TM=Apr&TY=2013&VFD=Y&html.x=19&html.y=23&CSVF=TT&C=FP&Filter=N
Note that this only shows £ holdings in the UK. Overseas and FX holdings are much bigger. I ignored these because they are less likely to be related to UK economic activity.

Necesito Dinero

Actually I had heard some of the methods that you promote, but had not looked at from the point of view that you raise, I think it is an excellent information you've provided ....
Add your site to bookmarks and share your content on my social networks, like poderte read.

acne

Please message me with any hints & tips about how you made this blog appear this great , I'd be appreciative!

The comments to this entry are closed.

blogs I like

Why S&M?

Blog powered by Typepad