Could it all happen again?
As we struggle to explain current economic policy to a generation brought up on a dream of constant economic growth it might just be worth looking at the late, great Pete Postelthwaite’s speech in the closing section of ‘Brassed Off’ – strong language but then most of my students will not flinch at that!
http://www.youtube.com/watch?v=kDcoJN9fnVI&feature=related
Now it’s 20%
We will all be watching to see how much prices rise and whether we keep spending. Rising inflation won’t help consumer confidence.
Average price rises over last twelve months
• Food and drink: 5.5%
• Alcohol and tobacco: 6.5%
• Clothes and footwear: 2.1%
• Furniture and household items: 3.5%
• Transport: 5.1%
Source: ONS
Brazil has a new President but it’s business as usual
http://www.economist.com/blogs/americasview/2011/01/brazils_new_president?fsrc=scn/fb/wl/bl/brazilpresident
Always worth a read
http://dambisamoyo.com/
An interesting take on all things ‘development’...