Europe & the Euro Archives - Page 5 of 7 - Emile Woolf writes

EU membership – in or out? Think it through, but tread warily

“Expert” is defined as a  person whose research, knowledge and experience accords them the respect of  their peers in a well-distinguished domain. Economics is just such a domain, yet the degree of diversity in the views of  so-called experts can be astonishing. Take one of today’s most topical issues: will a UK exit from the […]

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All the forecasts are wrong

THE BARCHESTER CHRONICLE’  www.barchestergreen.co.uk by Emile Woolf www.emilewoolfwrites.co.uk Forecasts are a particular problem these days. From 2009 to 2011 every prediction, from the Chancellor’s Spending Reviews to the Bank of England’s official outlooks, suggested that economic growth, however modest, would return by late 2012. Even the Office of Budget Responsibility and the Institute of Fiscal […]

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Ignore the European lessons and you pay the price – yet again!

What an interesting year for anniversaries! Exactly thirty years ago Laker Airways went bust and Bill Mackey, Laker’s liquidator, left us his own history lesson, which is now part of accountancy folklore. He produced a colourful checklist for prophesying a company’s financial collapse: lavish offices and flash company cars with personalised plates; a flagpole in […]

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Extreme action fails: whether it’s EU politics or over-zealous accounting

 The human condition is characterized by periodic swings between lawless permissiveness at one extreme and uncompromising rigidity at the other. Whenever one dominates it falls victim to corrective processes that, in turn, become excessive. Sanity is restored only when the pendulum returns, even briefly, to a position somewhere between. Abuses of vulnerable members of society […]

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High taxation will always stifle growth

We crave stability as much as we abhor uncertainty but, on every front, inbuilt contradictions render conventional solutions to economic problems unsustainable. They need to be jettisoned. You can’t kick the proverbial can further down the road when the road is a cul-de-sac. public sector superstructure that, despite all talk of cuts, is still bloated. […]

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