2020 August 26

Government Expenditure and Revenue Scotland is the usual fabrication, whilst hinting at how badly treated Scotland has been

Posted on August 26 2020

The Government Expenditure and Revenue Scotland (GERS) statement for the year to March 2020 has now been published. It would take a stronger will to
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The failure of Johnson’s government in one graph

Posted on August 26 2020

This chart has been published by the Guardian this morning: It might be said to be the graphical presentation of failure. It’s hard to interpret
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What makes up the national debt? It’s a good question, precisely because there is no obvious answer

Posted on August 26 2020

I have been looking at the thorny issue of what makes up the public sector net debt, excluding public sector banks, that was announced last
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Today is GERSday – the day when the Government Expenditure and Revenue Scotland statement is published

Posted on August 26 2020

For the last few years I have been involved in debate on the quality of the Government Expenditure and Revenue Scotland statement. It is how
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How do banks create money?

Posted on August 26 2020

Modern monetary theory highlights the important role of the government in creating money when it spends. That process makes sure our money has value. But
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