Over the last week I’ve been arguing that the government gilt purchases made under the quantitative easing programme effectively cancel that debt. Being realistic, as the IFS predict,
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Swiss whistle blower says era of banking secrecy is far from over
International Tax Review is carrying an exclusive interview with whistleblower Ruedi Elmer in which he talks about his experiences as chief operating officer for Swiss bank Julius Bär
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Explaining the accounting of why the UK only has debt of £650 billion right now
I have noted that when my explanation of why the UK owes much less debt (see also here) than the Tories claim was posted on the
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We don’t need to cut government spending because we’re not borrowing right now
Last week a wrote a blog explaining why all the data being published about government borrowing is wrong. We haven’t right now got government borrowing
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The IFS verdict: Osborne has no chance of clearing the debt and we’re in for a torrid time
I admit I have not read all the IFS Green Budget, published this morning. This is the core of the fiscal forecast: You can ignore
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The UK’s debt is falling, again – it will be about £650 billion by next week
As Larry Elliott has noted this morning in the Guardian another round of quantitative easing is now almost inevitable as money supply has fallen in
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To comfort the afflicted – will the Church live up to its calling?
Giles Fraser has undoubtedly redeemed himself since leaving St Paul’s. As he says in the Guardian this morning: The task of the church is to
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Unemployment to increase to over 3.5 million
The Guardian is reporting this morning that the number of long term unemployed is now forecast to increase by 750,000 to more than 3.3 million
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Changing the culture of greed
So Sir Fred Goodwin is now just Fred. I suspect it is a crushing blow to his ego. I suspect he’s a man for whom
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