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Scoop.it!
Cash-starved authorities turned to property development to beat austerity –but none more so than one town in Surrey 
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Scoop.it!
Small firms are borrowing big sums to survive. They must be given the option of a debt-for-equity swap with the Treasury
Graham Watson's insight:
Phillip Inman writes in the Observer about the possibility of a future debt crisis, with small firms having borrowed large amounts to stay afloat during the pandemic and subsequently being unable to repay their loans.
He looks at solutions to this, siding with Sir Jim O'Neill in suggesting that there's a need for large-scale government intervention to prop up viable firms, but this, of course, raises the spectre of cherry-picking, and decisions made on political rather than economic grounds.
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Scoop.it!
The great reckoning for the cost of Covid has yet to come – and Phillip Inman on the job losses caused by Rishi Sunak’s tactics on furlough
Graham Watson's insight:
The Guardian's business desk reckon that it's all very well looking at the here-and-now, but longer-term, they believe that the UK is facing a personal debt crisis, as household are currently borrowing, and whilst that's fine if they're in work and able to meet their interest repayments, it will start to become problematic as unemployment picks up.
They may have a point...Merry Christmas!
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This Observer article is interesting but has few applications to IB Economics, looking as it does at the extent to which local government has taken on unsustainable levels of debt, with Woking Council at the head of the queue.