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Scoop.it!
The boom of a century ago was checked by British self-harm – a story set to be repeated 
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Scoop.it!
The value of the pound has changed a lot over the past three years - making us all a little poorer.
Graham Watson's insight:
This article looks at how the effect of the Brexit referendum and subsequent nonsense has affected the UK economy - in essence making all of us just that little bit poorer.
The 15% fall in the value of the pound since December 2015 has increased the cost of foreign holidays and imports, to the extent that prices are now 2% higher than they would have been without the effect of the depreciating currency.
However, there's a call for caution - in that the declining value of the currency hasn't had a marked effect on imports, exports or the current account balance, and this says something about the price elasticity of demand for exports and imports - and might get you thinking about the Marshall-Lerner condition.
Better still, the article might guide you to Paul Johnson's excellent "Analysis2 programme which looks at precisely this issue.
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Sterling falls after figures show shoppers shunned stores to focus on the World Cup last month.
Graham Watson's insight:
The pound has fallen - to $1.30 - in response to falling retail sales. However, what does this mean for the UK economy?
It might serve as an automatic stabiliser? However, what are the likely effects on inflation? And the current account?
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Each month we look at key indicators to see what effect the Brexit process has had on growth, prosperity and trade
Graham Watson's insight:
The Guardian's monthly look at the push-me, pull-me economy and the impact of Brexit.
Scoop.it!
Sterling has had a volatile couple of years since the UK voted to leave the European Union. Why?
Graham Watson's insight:
An entry level piece about the nature of currency prices, and how Brexit has affected the value of the pound - a really good little introduction to this topic, which gets you thinking about the things that move currency values and their broader macroeconomic implications.
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Another weighty Observer piece from Will Hutton, this time drawing a parallel between the 1925 decision to return to the Gold Standard and Brexit.
He argues that much as the former ushered in economic turmoil, mass unemployment and the General Strike, Brexit has the capacity to do the same. The Bank of England's Governor has already said as much - and the latest OBR figures highlight the fact the Britain is going to continue to run a 5% current account deficit for the next four years, which would be even worse if there were no deal.
What a time to be alive!