Notes by William Gaskell

Bristol Festival of Economics with Vince Cable

@Bristol

12^th November 2015

George Osborne may be a Euro sympathiser as his policy could lead to the collapse of the British Pound currency.

UK is 2% of world economy but a shrinking proportion, with just 1% of world population.

Macroeconomic policy:

As chief economist of Shell, Vince marshalled the attempts to shape the world economy with 20 year plans to build up infrastructure for when the markets around the world matured in order to profit.

In government the situation was much shallower, with 24 hour news emergencies changing the situation all the time but still needed to think 20-30 years ahead. The long term plans are realised through short-term successes in the financial markets.

Sir John Willets was #2 in BIS under Vince Cable.

Vince Cable is blaming China’s cash reserves for the low interest rates around the world.

Andrew Holdane, #2 at the Bank of England, says in his latest research paper that interest rates are lowest since the times of ancient Babylonia!

· Economic growth is needed to reduce poverty

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We are mighty full of ourselves now, aren't we?

Vice-President Communications, Anthony Gaskell OE. Formula 1 needs more money in it to go back to how it was before. They need to get more serious. This is reminiscent of the good old days, the jet-set life and clean country living, where furniture and furnishings were made to the highest possible standard and there was no compromise on quality. Bad eye sight is like bad posture, it can be corrected without drugs or mechanical support. Eye-sight is a skill just as much as it is a transient attribute, many Opticians and others would say that eye-sight degrades with age and I would call them eccentric as typically one can expect that eye-sight would improve with age unless there was a problem. Ageing is a disease. A white British man with a PIO card as a businessman in Dubai , disappointed at a meeting. It is believed that Indians are descended from white-skinned peoples and that the truest Indians still have the whitest...

I Dream of Utopia

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