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North Sea Oil

This category contains 2 posts

On yer bike Chancellor.

Talk about an open goal. The most unpopular Chancellor since Nigel Lawson, George Osborne, came north again this week, bearing Treasury propaganda disguised as objective analysis – and he seemed to get away with it. Where’s the anger? The independence campaign has not just stalled, it is in danger of going into reverse. People who were … Continue reading

Norway, Scotland, and why I was wrong about the arc of insolvency

   I have often regretted coining the phrase “the arc of insolvency” in this column in 2008 to describe the financial crisis as it afflicted Iceland and Ireland. It was only ever one side of the story. While some neoliberal small nations exploded because of their irresponsible banks, the rest of the Nordic arc – … Continue reading

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