House Prices, Inflation and (often concurrently) Unemployment.
With high mortgage rates in the UK, and low interest rates in the EU, joining the EU/EEC is highly desirable and beneficial to both us… JCM Butler October 2018
I also, fear, other than re-nationlisation, there is no other option but to join the EU to ease the roots and implications and severing of the financial crisis, without too much cost. JCM Butler October 2018
Maybe we can come up with a Human Resources deal, to ease the woes of ‘Brexit’ voters in regards to ‘workers rights’ (?) -Please see also ‘Zero good about Brexit…’ and ‘The ‘Brexit’ Bomb-shell: ‘BOLLOCKS TO BREXIT’’, available on https://jennifercmbutler90.com
‘Economic phenomenon characterised by concurrently rising rates of unemployment and inflation. The best-known instance of British stagflation occurred between 1973 and 1975 when inflation rose from 9.1 to 24.1 per cent and unemployment from 2.6 to 4 per cent. This appearance of stagflation in the in the 1970’s posed a considerable dilemma for existing economic theory and policy, not the least because orthodox *Keynesian theory not only precluded the possibility of stagflation, but actually stipulated that there be a trade-off between inflation and unemployment: the so called Phillips curve. The breakdown of this hitherto stable relationship of the 1970’s greatly undermined confidence in Keynesian demand management and aided the rise of *monetarism. The causes of this episode of stagflation are still much debated. Monetarists see its roots in successive government’s use of expansionary fiscal policy and abrogation of market mechanisms, while many Keynesians prefer to stress the impact of decentralised collective bargaining.’
From, George Boyce, Professor in the department of Politics, University of Wales Swansea, Scotland, Ireland, Wales.