I'm no Economist, but I can't escape the feeling that if we just stopped fiddling, the world would sort itself out

                                

Money, money, money, no one really understands what to do with it

At the end of last week, the EU leaders agreed on a 'historic' budget for the next seven years of something like £900bn. The actual figure was calcuated in Euros, but when you're dealing with numbers of this size, currency and exchange rates are pretty irrelevant. We'd be better off just saying 'a lot of money' or 'more money that any of us could ever really conceive of in any tangible way. It was also apparently a 'Victory' for DC as he'd achieved a 'cut' in the overall budget, but Britain's contributions were going to continue to rise. Meaning that Nigel Farage had an excuse to get on tv again, something which none of us really want. 

On the subject of Mr Farage, I'd like to take this opportunity to quote a tweet, of which I cannot recall the author, but whoever they are this is their joke: 'Voting UKIP because you don't like Labour or the Tories is like saying "I don't like Coke or Pepsi so I'll drink piss"'. 

It's unlikely that any of us will actually feel any noticable effect of the new deal with Europe, not that that justifies an obfuscation of the matter, as it does remain important. The point which I'm trying to make here is that getting up and angry about the actual economics seems to be a waste of time, unless you're an economist who understands what the problems (or otherwise) are with the way the deal has been done and why such large sums of money are being passed around in cyberspace. 

It's a similar issue with many of the broad sweeping cuts and the headlines that accompany them. Take this story for example 'Inheritance tax freeze to fund social care cap of £75,000'. In principle, I understand what they're trying to achieve. Which is people not having to pay for care when they reach retirement age, I can also see that what Jeremy *unt is attempting to do is tax people who get a large inheritance in order to pay for those who don't have much left to give when they die as they've sold it all to pay for care. 

Actually, this is a relatively straightforward example of how the Government is trying to make things better, however, as you read down the article it soon becomes clear that things are going to cost £Xbn or £Ym making the entire plan seem grossly over-complicated. This is accompanied by the news that the UK Economy 'slipped back towards recession in the last quarter of 2013'. What does that actually mean though?! When growth is less than 0.5% the only people who seem to be getting concerned over the economics are economists. 

Despite the fate of both Jessops and HMV in the first month of January (the latter of which is downsizing but looks to be moving towards some kind of resolution) for many other business (including the small business for which I work) business has greatly improved in the first 6 weeks of the new year.