Regulatory ‘tough love’ needed for BT’s Openreach

BT Openreach’s failure to invest in broadband infrastructure closely mirrors BT’s failure to invest in new fibre optic trunks in the early 1990s. Ofcom needs to consider the regulatory solution which its predecessor Oftel successfully applied to that problem in 1992.
Please contact me if you would like to discuss this topic. I am happy to make you a short presentation based on my involvement in the 1992 decision and my analysis of its outcome

What’s even better than proportional voting?

Local democracy, that’s what

UK energy: ‘tough love’ regulation will enrich shareholders

The 2015 Competition and Markets Authority must look further afield in its Energy Market Investigation. Instead of just trying to improve competition between utilities it must facilitate non-traditional competition from consumer electronics industries (microgeneration and storage at point of use). That’s what made the UK telecoms market so successful in the 1990s

Would the Conservative Party have preferred a hung Parliament?

Was the Conservative promise to force private charities to sell their assets designed to drive away voters?

How austerity caused ‘unprecedented’ standstill in UK productivity

Striving for headline ‘growth’ and ‘job creation’ under austerity has caused the stagnation of UK productivity that the ONS describes as ‘unprecedented in the post-war period’ for any country.

Ukraine: Britain can end this ‘frozen war’

Britain failed to see the consequences of its 1994 triple treaty, not having learned from the catastrophic failure of its earlier triple treaty of 1856 in the same region.

Why Chile’s copper mining industry converted to solar energy

The surge in industrial use of solar energy doesn’t just protect the climate – it will also reduce inequality, international tension and political corruption.

Making the UK energy industry as competitive as telecoms

Strong industry-specific regulation in the 1990s made the UK telecoms market a model for the world to follow. The initiative came from the grass roots

Bank of England discovers False GDP

Monetary Policy Committee member Martin Weale has leaked the fact that GDP in 2012 was 4% larger than previously reported. This ‘discovery’ comes too late to make austerity unnecessary but in good time for the feelgood factor to affect the Scotland referendum.

EU equalisation will rescue freedom of movement

Economic migration is not an inevitable consequence of freedom of movement, and does not support the fundamental rationale of the EU

Chris Pissarides and the deficit

Why don’t all businesses try to eliminate their ‘deficit’, if it’s so important to the national economy?

More energy regulation = more competition

Line-of-business restrictions are needed to boost energy competition and to encourage process improvement in dominant suppliers

World Bank: Reducing emissions could add 2.2% to GDP

The Climate Works Foundation & World Bank report reveals that GDP growth does not depend on increasing consumption of raw materials

False GDP statistics slow growth, waste resources

Short-term GDP figures are biased and encourage usage of resources rather than increases in financial prosperity

Why did Putin annex Crimea?

I was wrong, but both Russia and Crimea may regret their haste

Storm in the Crimean teacup

Hugh Small’s book on the Crimean War, and his analysis of the current situation: the corks bobbing on the ocean (i.e. the politicians) believe that they are causing the waves to move

How devolving power saved Britain, 1871

Local Authorities now have more power to promote public health Medical professionals believe this will save the NHS money by preventing illness.

UK economy growing, UK parliament flatlining

The UK government and opposition have been flatlining for 3 years while the economy has been booming

Land Value Tax: Why wait longer?

The UK would benefit from LVT more than any other country. It will bring prosperity of all types: material, environmental, and welfare. It’s comparable to the Victorian slum clearance program in its effects on society

Big environmental vote in the May 2013 English elections

Environmentalist candidates may gain votes in the 35 local elections to take place on 2 May 2013 if they publicise the little-known Growth and Infrastructure Bill.

£50 bn of life support for the “old economy”

“Steel and Concrete Growth at All Costs” Bill will make it easier to build over footpaths and village greens

Did public sector job cuts destroy fixed assets?

What happened to the tax department employee who knew how to verify fair transfer prices?

Was there a ‘double dip’ recession?

The recession was probably over in 2009, before the present government came to power

‘Zombie’ firms: coming or going?

‘Zombie’ is used to describe a firm with low productivity, and there are an increasing number of them. But are all of them headed for the knacker’s yard, or is their proliferation a healthy sign of reduced barriers to entry?

New study confirms that UK GDP calculation understates growth 2010-11-12

UK economic growth has been underestimated, a team of economists from London University confirms. Remember, you heard it here first!

Solving the Productivity Puzzle

‘Labour productivity’ – units of calculated GDP per labour hour – is falling. Is the UK private sector broken? No, ‘False GDP’ is.

Misrepresenting Adam Smith

Adam Smith scorned the ‘invisible hand of the market’

Welcome to the mature economy

Business leaders, unlike politicians, do not always prioritise top-line growth. Do they know something that politicians don’t know?