I felt it worth sharing more widely this comment made on the blog by Adam Sawyer yesterday. It resulted from the discussion on rebranding economics:
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Is rail privatisation dying?
The Guardian has published this graphic based on newly published data on rail travel: The evidence of a downturn in commuting appears very clear. Whilst
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Quantitative easing is new government created money
The Bank of England published its accounts to 28 February 2018 yesterday (I have no idea why it uses that date: does anyone know?) The cash
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HMRC’s failure to come to terms with the tax gap represents gross negligence on its part, and that of its political masters
The government was not meant to make any announcements yesterday so that nothing distracted from the Grenfell Tower anniversary. So HMRC published their latest tax gap
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Richard Murphy
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