UK GDP growth has slowed to the pace of South Eastern train passing through London Bridge, unemployment is proving to be stubborn, especially for young people, inflation appears to be uncontrollable by the cadre of venerable olds that run monetary policy and the pound is as popular as fart in a space suit.
All roads seem to be leading to some kind of stagnation, although politicians will use wording that won’t panic the masses of home owners for whom the margin between what their home is worth and what they owe on their mortgage continues to narrow.
There seems to be several solutions being peddled endlessly with out a taker. The Banks should lend more money to more people, everyone working within the banks ecosystem should not take bonuses and the Government should give up on their endless march to return the public sector to a size more aligned with the value it can really deliver. Each repeated with gusto daily in the press and broadcast media, none that can be seriously executed without seriously affecting another part of the economy.
Surely there hasn’t been a time for the need of some Herculean innovation since we were led by Winston Churchill into the field of human conflict.
So what would I do if sufficient people had failed to read their ballot papers and voted to me in charge? Well a part from taking a leaf our of Mr Berlusconi’s for being entertained by talented young meteorologists, incentivise innovation.
Details in my next blog.
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