Mark Carney has said that interest rates will not rise in the UK until unemployment falls from 7.8% now to 7%. Now there are various
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On inflation: the real worry remains deflation
There will be much talk of inflation risk today. Candidly, overheated stock markets and house prices apart – both entirely Osborne’s fault – I don’t
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Blowing bubbles: George Osborne’s favourite song
West Ham fans sign ‘I’m forever blowing bubbles’. So is George Osborne. He tried to reflate the economy via the City with QE. He has
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Forget the structural deficit: worry about the structural recovery
We have been told for several years that the big concern in the economy is the structural deficit. I never agreed. I was never even
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Jersey complies with the European Union Savings Tax Directive a decade late
The European Union Savings Tax Directive has just one goal – which is the beating of tax evasion. Introduced in 2005, the aim was to share
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George Osborne’s hypocrisy knows no limits when it comes to childcare for those on £300,000
George Osborne’s hypocrisy knows no limits. As the Guardian reports: George Osborne has defended his plans to offer tax-free childcarevouchers worth up to £1,200 a year
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If HMRC are winning by prosecuting why aren’t they demanding the resources to do more?
As the Guardian reports this morning: The number of criminal prosecutions for tax evasion more than doubled in the UK during the last tax year,
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The Entrepreneurial State underpins innovation and any chance of rising prosperity
Martin Wolf has reviewed Mariana Mazzucato’s new book ‘The Entrepreneurial State’ in the FT today. He says of it: Conventional economics offers abstract models; conventional wisdom
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Sugar: capitalism at its most efficient and rapacious
I liked this paragraph in the Observer this morning: The 7UP tin is quite an artefact. It shows capitalism at its most efficient and rapacious:
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