Paul Ormerod
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Paul is the author of 4 best selling books on economics, an entrepreneur and President of Rochdale Hornets Rugby League Football Club
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Articles by Paul Ormerod
How bad has the cost of living crisis really been?
The ‘cost of living crisis' has become a well-worn phrase over the last four years, but what do the numbers actually reveal about the state of the household sector, asks Paul Ormerod During the energy price and inflation shocks of 2022/23, the phrase “cost of living crisis” was very much in the consciousness of both politicians and the electorate. Before the end of 2021 the phrase had a low search volume on the internet. It rose very sharply and peaked just over a year later.
“The case against devolution? Wales’ declining education system”
Devolution is great when it works. But where are the sanctions for poor outcomes like Wales’ appalling education results, asks Paul Ormerod A key part of the agenda of the Burnham government is the devolution of decision making to the regions. For example, regional mayors are to be given greater control over income tax revenues. Into the fray steps the formidable chair of the Treasury Select Committee, Dame Meg Hillier MP. Concerns have been raised that local leaders could misuse cash injections.
Economists may have ignored the biggest reason for our productivity decline
Productivity in the West has slowed dramatically since the late 2000s, but there is no consensus as to why. Could corporate culture be the missing piece, asks Paul Ormerod Since the financial crisis of the late 2000s, productivity growth not just in the UK but across the West as a whole has slowed dramatically. The United States is a partial exception, but the performance of the other major economies has been poor. Productivity growth is perhaps the most important economic factor of all.
Josh Kerr took the mile record. But how much further can we go?
Josh Kerr's performance prompts the question as to how much further world records might be expected to improve, says Paul Ormerod As the end of summer finally begins to hover into sight, we can enjoy the fact that it has not been too bad a one for our sportsmen and women. True, the cricketers lost the series 2-1 to New Zealand, but the football team did after all make the semi-final of the World Cup , which cements us as one the world's top sides.
Andy Burnham will find there is a limit to tax rises
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Stop peer pressuring young people into the student debt swindle
One in four graduates will end up worse off than they would have been had they not gone to university, but that's not just down to imperfect information, it's down to expectations that need to change, says Paul Ormerod The holiday season is now in full swing. Relaxation for most, but in many households tensions will mount as a deadline approaches. August 13 is the fateful day when A-level results are expected, and students find out whether they have made the grades for their university offers.
Stop peer pressuring young people into the student debt swindle
John Healey Now Tax rises 'guaranteed' as Burnham and Healey face £22bn black hole City AM - Ali Lyon • 11m Chancellor John Healey will be forced to launch another round of major tax rises in the autumn, leading economists have warned, after a City AM … entertainment news 9 hours ago ‘The audience is telling the industry something’: even IMAX is stunned by Christopher Nolan’s runaway ‘Odyssey’ Fortune - Tatiana Sataua • 9h Adrian Ford didn’t leave the theater after watching The Odyssey in IMAX.
Burnham's cheerfulness could turn the economy around
Confidence is an elusive but essential determinant of the course of the economy ignored by the doomsterism of Rachel Reeves. Andy Burnham could change that, writes Paul Ormerod The UK economy has the potential to resume, for the first time this decade, a decent rate of growth. This is not some nostalgic tribute to the policies of Rachel Reeves. Indeed, her whole approach as Chancellor has hindered rather than helped growth.
The fallacy of blaming rich footballers for inequality
There is a persistent belief that the high pay of the few has suppressed the wages of the many. The data says differently, writes Paul Ormerod Inequality has become a persistent theme in politics. And it is currently on conspicuous display in the World Cup. The players in top teams will each be earning millions of pounds a year. Those in the bottom ranked teams would count themselves lucky to be paid that amount over their entire lifetime, as indeed would most of the viewers on television.
Is it even possible to regulate 'misinformation'?
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Is it time to change how we measure inflation?
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Pokemon cards’ most enthusiastic collectors? Money launderers
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The National Rail Museum won’t accept a model railway set
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Labour is doomed to irrelevance
9 hours ago Nicola Sturgeon has been formally sworn in as first minister of the Scottish Parliament. The ceremony took place at the Court of Session, in Edinburgh, on Wednesday morning. Ms Sturgeon had the support of her 63 SNP MSPs during a vote in Holyrood, on Tuesday, which saw her comfortably beat rival …
It's not the Bank of England's job to support the chancellor
the Bank of England's MPC is acting as if its role is to support the Chancellor and protect the real economy, rather than control inflation, writes Paul Ormerod The Bank proclaims on its website that “We set monetary policy to achieve low and stable inflation. This is our primary monetary policy objective”. It goes on to note that in practice this means “keeping inflation at two per cent over the medium term”.
The cost of living crisis is the fault of the public sector, not billionaires
Paul Ormerod The Green's newest MP was quick to blame billionaires for the cost of living crisis. She'd be better off directing her attention to the public sector, writes Paul Ormerod The victorious Green Party candidate in the Gorton and Denton by-election has made much of the so-called cost of living crisis. In her victory speech, Hannah Spencer proclaimed that “working hard used to get you something… but life has changed.
A university education is no longer good value for money
13 hours ago The chatbot era may have just received its obituary. Peter Steinberger, the creator of OpenClaw — the open-source AI agent that took the developer world by storm over the past month, raising concerns among enterprise security teams — announced over the weekend that he is joining OpenAI to "work on …
A university education is no longer good value for money
Students have been turned into customers but the product they're buying is worthless and it's underwritten by the taxpayer, says Paul Ormerod The plight of graduates burdened with debt has been a prominent feature in the media over the past week or so. Hundreds of thousands will never earn enough to repay their student borrowings, and the loans will have to be written off courtesy of the taxpayer.
Graduate crisis proves British universities are no longer fit for purpose
It's time to accept that a substantial proportion of British universities are simply not fit for purpose, writes Paul Ormerod The true cost of taking a degree at many of Britain's universities is becoming all too frighteningly apparent. Students are now graduating with an average debt of £53,000. A good chunk of this is taken up by loans for tuition fees. It has been known for some time that many graduates will never earn enough to pay off their debt.
The government is using Brexit as a scapegoat for its own failures
8 hours ago Russia's full-scale war on Ukraine will soon enter its fifth year. Mysterious incidents of so-called "hybrid warfare" are mounting in Europe, increasing tensions. And in the UK, military chiefs have warned we must prepare for war if we want to avoid it. But if the unthinkable happened, and war with …
Could the Labour Party just disappear?
In Labour’s absence, Nigel Farage is stepping into the void. Are we living through the beginning of an English revolution? Rarely have we seen so many …
Enough with black-hole blaming, Reeves is ignoring low hanging fruit
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The bond markets must not be allowed block defence spending
2 hours ago The rising cost of sickness and disability benefits is "devastating" for the public finances, Prime Minister Sir Keir Starmer said, after his government announced a major overhaul of the welfare system. Sweeping changes were unveiled on Tuesday, which ministers say are aimed at saving £5bn a year by …
If crises are the test of a nation, Western Europe is failing
1 day ago Jeddah, Saudi Arabia CNN — Ukrainian President Volodymyr Zelensky said Tuesday that Ukraine had accepted a 30-day ceasefire proposed by the United States, following critical peace talks between US and Ukrainian officials in Saudi Arabia. The ceasefire proposal accepted by Ukraine covers the entire …
I’m sorry Ed Miliband, your big green energy plan is all fantasy
1 hour ago A truck cabin that was swallowed by a sinkhole in Japan two weeks ago has been located in a nearby sewer pipe, authorities say. Drone images suggest that a human body is inside the cabin, but it is unclear if it is that of the truck's missing 74-year-old driver. The sinkhole, which now measures 40m …
Yes, AI will wipe out some jobs. But this is the story of progress
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Yes, AI will wipe out some jobs. But this is the story of progress
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Reeves has placed an uncertainty premium on the British economy
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It’s time for England to stop subsidising Scotland and Wales
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It’s not as easy to count the number of ‘working people’ as you might think
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Can more bureaucracy really improve productivity?
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How will the bond markets react to the Budget?
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Borrowing to invest is all very well but what about value for money?
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Borrowing to invest is all very well but what about value for money?
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The threat of higher taxes is already harming growth
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You can’t force hype
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Haldane is right – the Chancellor’s doom-mongering is dangerous
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Do long prison sentences work? Economics has the answer
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Don’t be so quick to dismiss the ‘doped Olympics’ – at least they’re honest
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Crawling back to the EU after Brexit will only end badly for Britain
Clear signals are being emitted by Keir Starmer’s government on the European Union (EU). A much closer relationship is being sought on a wide range of issues such as trade and defence. For the time being, the Prime Minister has ruled out a formal application to rejoin the bloc. But it would not be a surprise if Labour fought the next election with this in its manifesto. The vote to leave the EU was held at the end of the second quarter of 2016.
Crawling back to the EU after Brexit will only end badly for Britain
1 day ago John Kennedy calls Kamala Harris a ‘ding dong’ live on Fox News The Independent - Lucy Leeson • 1d This is the moment Senator John Kennedy called vice president Kamala Harris a “ding dong” during a live interview on Fox News.
The great student loans swindle
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It’s the energy price stupid
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The genus Corybas in Vietnam, with two new records
The genus Corybas in Vietnam, with two new records Autores: Vuong Ba Truong, Van Canh Nguyen, Paul Ormerod, Quang Cuong Truong, Van Tan Chu, Pankaj Kumar Localización: Lankesteriana, ISSN-e 1409-3871, Vol. 20, Nº. 1, 2020, págs. 49-55 Idioma: inglés Enlaces Texto completo Resumen An overview of the orchid genus Corybas in Vietnam is presented. It was known to be represented by a single species, C. annamensis. In this article, we report two new records, C. himalaicus, and C. geminigibbus.
Amended description of the Sumatran endemic Dendrobium bandii (Orchidaceae) with notes on its conservation status and ecology
Amended description of the Sumatran endemic Dendrobium bandii (Orchidaceae) with notes on its conservation status and ecology Autores: Mark Arcebal K. Naive, Yuda Rehata Yudistira, Malcolm Victoriano, Paul Ormerod Localización: Lankesteriana, ISSN-e 1409-3871, Vol. 21, Nº. 1, 2021, págs. 1-4 Idioma: inglés Enlaces Texto completo Resumen Dendrobium bandii is a poorly known species endemic to the island of Sumatra, Indonesia.
The history of rail suggests renationalisation will make little difference
Britain has never cracked the formula for cheap, efficient, reliable rail, so what makes Labour think renationalisation is the answer? Asks Paul Ormerod Getting the railways to function properly has been a problem ever since they were first invented. The opening ceremony of the Liverpool and Manchester railway in 1830 was a major event in world history. For the first time ever, two cities were connected by a form of transport which could go considerably faster than a horse.
The big challenge isn’t funding public services, it’s making them productive
With the public sector no more efficient than it was in the late 1990s, it’s time to start seriously scrutinising our public services, writes Paul Ormerod There’s no shortage of special interest groups placing demands on the public purse. But with limited funds available, we must have an honest conversation about whose claims are the most valid. Waspi women are demanding a staggering £36bn in compensation for having been poorly informed about changes to their pension age.
For once, Humza Yousaf has set an example other politicians should follow
In overriding the advice of “experts” and channelling aid to Gaza, Yousaf did what politicians are elected to do, says Paul Ormerod Humza Yousaf, the First Minister of Scotland, does not often attract plaudits. But last week he overrode the advice of his officials. Shock, horror. Surely Sir Humphrey and the “experts” always know best. Officials recommended a donation to UNICEF to finance water programmes in Gaza.
Tech is in turmoil – but there is an upside - Jaun News Uk
There’s no need to panic about cutbacks and uncertainty around AI, capitalism is all about change and innovation, says Paul Ormerod The Greek god Chronos, known as Saturn to the Romans, was notorious for eating his own children. Something similar seems to be going on within the tech industry. Tech giants such as Google, Microsoft and Meta have carried out substantial job reductions. Google are apparently preparing for a second round.
Tech is in turmoil – but there is an upside | Flipboard
fitness articles 4 hours ago 3 Quick Superset Workouts to Boost Muscle Growth Faster | BOXROX boxrox.com - Robbie Wild Hudson • 4h Build more muscle in less time. Add these quick superset workouts into your training.
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