Swallows and all that

Posted on

Yes, I know all that I and others say about taking figures in isolation and extrapolating from them. But new car sales down 11.5% on last year says two things. First Labour’s polices worked. And second there’s a decided lack of confidence in the economy right now.

I know manufacturing gave optimistic signals this month — but if people aren’t buying that makes little sense.

I remain profoundly pessimistic — unless we do Green Quantitative Easing — which will transform the economy for good.


Thanks for reading this post.
You can share this post on social media of your choice by clicking these icons:

There are links to this blog's glossary in the above post that explain technical terms used in it. Follow them for more explanations.

You can subscribe to this blog's daily email here.

And if you would like to support this blog you can, here:

  • Richard Murphy

    Read more about me

  • Support This Site

    If you like what I do please support me on Ko-fi using credit or debit card or PayPal

  • Archives

  • Categories

  • Taxing wealth report 2024

  • Newsletter signup

    Get a daily email of my blog posts.

    Please wait...

    Thank you for sign up!

  • Podcast

  • Follow me

    LinkedIn

    LinkedIn

    Mastodon

    @RichardJMurphy

    BlueSky

    @richardjmurphy.bsky.social