The Opinions of Tobias Grubbe for 24th January 1711 are published at this window. His patron Journalisted where you may Read All About Them
The Daily Mail reports the unemployment figures as price inflation also rises sharply in the UK.
These are both very alarming figures and are a result of the financial collapse and the attempts to alleviate its effects.
The rescues were largely authorised by the last government and the Bank of England. These involved the creation of £200Bn of new money. Unhappily, such quantitative easing is highly inflationary and may also help asset or commodity bubbles to grow in things of provable value to investors, such as staple foods and fuel.
The present UK government are also using the results of this economic pickle to restructure or remove vast swathes of what we used to know as welfare state spending. The children in the drawing certainly won’t be under employed this year.
Updated: 25th January 2011. The Office for National Statistics reports a 0.5% contraction in the UK economy between October and December. This bad news follows on a speech by Richard Lambert, the retiring head of the Confederation of British Industry, who lamented the lack of a plan for economic growth from the coalition government.
The Opinions of Tobias Grubbe for 17th January 1711 are published at this window. His patron is Journalisted where you may read all about them

Bank bonus season has arrived and the financiers are getting a kicking – along with their bonuses. I drew some inspiration from the journalist and artist Will Dyson for this drawing.
The Opinions of Tobias Grubbe for 10th January 1711 are published at this window. His patron is Journalisted where you may read all about them.
The Opinions of Tobias Grubbe for the 4th january 1711 are published at this window. His patron is Journalisted where you may read all about them.
The UK’s consumption tax has gone up to 20%. There’s a short history of the tax here and specifically in Britain here.









