I share this, simply because it is very good and not just because it is by a man I respect and like:
Richard Murphy on tax and economics
A year ago I was going to trash the economy with People’s QE: now it’s likely to happen
Posted on July 15 2016
I note that Larry Elliott wrote this in the Guardian last night when commenting on the Bank of England’s inaction on interest rates: Threadneedle Street wants to use what limited ammunition it has at a time of its own choosing and after it becomes clear what the Treasury is going to do under its new
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Divided Britain
Posted on July 15 2016
These two charts come from the appendix to a speech by Andy Haldane of the Bank of England in port Talbot on 30 June that has just been published. The speech is well worth reading. The charts are invaluable: The message is clear: those with wealth have done well in the UK over the last
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Is May setting up Johnson to fail as the excuse for abandoning Brexit?
Posted on July 15 2016
I can’t be the only person who is confused by Theresa May’s appointment of Boris Johnson to the Foreign Office. I am sure that the Foreign Office is too, for a start. It is clear that May has decided that those who proposed Brexit should manage its consequences (Prite Patel, maybe, apart) and that Johnson,
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David Davis on the EU, Brexit and referendums in 1996
Posted on July 14 2016
In 1996 David Davis was in John Major’s government. He was interviewed by the EC’s in-house newspaper (Commission en Direct). The article is here. This is the most interesting bit, perhaps, but there is plenty more to enjoy: Settled for good, eh? Would he like to add anything to that now? Hat tip to Mike
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When is Philip Hammond repealing Osborne’s Fiscal Charter?
Posted on July 14 2016
This was made law by George Osborne last October when the Commons approved his Fiscal Charter. He clearly felt rather smug about it at the time, thinking it wrong-footed Labour for good: As I said at the time, George Osborne had no chance of delivering these surpluses. The new Chancellor, Philip Hammond, has now acknowledged that to
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Hammond needs to learn what Osborne never grasped
Posted on July 14 2016
Since this blog began George Osborne has held the role of either Chancellor or Shadow Chancellor. And now, as I predicted before the Brexit vote, Prime Minister May has sent him to the back benches. He deserves to be there. He failed. That is in both his own terms and more objectively. He failed to
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Transparency does not harm competitiveness
Posted on July 13 2016
The following press release has just been issued by Transparency International in Brussels. I think it worth sharing, although all it does is suggest something that economic theory suggest should be obvious: Corporate claims about the impact of transparency on business do not stand up, according to new research published by Transparency International EU today. While
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The Green New Deal: pursuing a May be
Posted on July 13 2016
This letter is in the Guardian this morning: Theresa May’s “genuinely innovative speech” (Editorial, 12 July) contained a commitment to government-backed project bonds which could be used to boost infrastructure nationally. This is very timely, coinciding as it does with the Committee on Climate Change’s warnings that the UK is inadequately prepared for dealing with
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