The price comparison site uSwitch got quite a lot of PR at the weekend for a report which said that UK disposable income had fallen to its lowest level for ten years (the report’s not on their site, but there’s a reasonably detailed summary in the Telegraph.) The coverage is generally about consumers running to stand still. But I wonder if this – along with some other economics trends – is a sign that we’ll have to change some long-standing assumptions about the economy.
There was an article in Technology Guardian last week about an Irish innovator who was developing a prototype of a wave power generator in the Galway Bay. It captured well the obsessive nature of much innovation. But from a futures perspective the most interesting part of the article was a passing comment by a British scientist on the plan. (more…)