On Friday 27th February, the US Commerce Department revealed the economy grew by 2.2% in the final quarter of 2014, weaker than the estimated 2.6%. Fine margins though it may be, the slowdown in the economy was more pronounced than previously thought. The concerns stem from the fact that the fourth quarter growth had been … Continue reading Growing Pains
Bewildering, confusing, excessive, mystifying, – just a few words to sum up the news that the rights to broadcast Premier League matches on TV have been auctioned off for a record £5.136 billion. Just as Chelsea and Manchester City have done, Britain’s biggest broadcasters have asserted their dominance through their financial firepower. Sky TV paid … Continue reading TV Broadcasters in a League of Their Own
Denial, anger, bargaining, depression and acceptance used to be the five stages of buying petrol. Many consumers used to double the value of their car every time they replenished their tanks, however, as we have documented in recent weeks here on The Commercial Cartel, the world has been ‘put-in’ their hard earned cash back into … Continue reading UK Inflation for Dummies
The UK Treasury is set to investigate allegations that the Swiss arm of HSBC helped around 130,000 clients evade tax. Whistleblower Mr Falciani – not Falcao, because he can’t seem to get anything right at the moment – claims that the UK government should have known about the scandal as early as 2010. Her Majesty’s … Continue reading Scandalous!
In the second instalment about Greece and their rocky relationship with the EU, I will be taking a look at the other side of the story. Despite the hard times, Greece must remain a part of the EU. The show must go on. As discussed in the previous article, despite Alexis Tsipras and Angela Merkel … Continue reading Part Two: Greek Theatre – The EU Solidarity Show Must Go On
In the first of a two-part instalment, this article will discuss the benefits of Greece leaving the EU. A quick assessment of the relationship between Alexis Tsipras and Angela Merkel will tell you that their relationship won’t reach Danny Zuko - Sandy Ollson levels of happiness. Rather, with Greece’s deteriorating financial situation testing the resolve … Continue reading Part One: Go Greece Lightning – Why EU Must Say ‘Good Riddance’ to Greece
Before I’m accused of using any profanities, check that word again – yes, its fracking. This is the process of drilling down into the earth and injecting a high-pressure fluid into the rock which exposes the gas inside. Drilling companies have exclaimed that trillions of cubic feet of shale gas may be recoverable from underneath … Continue reading Are You Fracking Serious?
If you haven’t heard of the Trans-Atlantic Trade and Investment Partnership don’t worry – you’re not really meant to have. The TTIP is a series of trade negotiations, primarily for the purpose of cutting tariffs and regulatory barriers to trade between the US and EU, making the access to each other’s markets easier for companies. … Continue reading TTIP – Valentine’s Date For The US & EU?
In life, there are just some things one cannot resolve simply by listening to Taylor Swift’s “Shake It Off”. For the EU, the economic headache conjured by the election of a radical left-wing party, Syriza, is one of those things. Demanding an end to Greece's painful austerity measures, threatening renewed turmoil in global markets and … Continue reading GREECE ELECTION: Syriza-phrenia in Europe
It seems these days that positive news stories are few and far between. However, the British public (and the Tories) can rejoice in the fact that according to the latest statistics released by the Office for National Statistics (ONS), unemployment is falling. Finally. The number of people out of work in Britain fell by 58,000 … Continue reading Hopes Rise As Unemployment Falls