As the Guardian has reported this morning: Cash-short banks have borrowed about $300bn from the Federal Reserve in the past week, the central bank announced
Read the full article…
Banking is welfare for the wealthy, and there are no limits
Are Silicon Valley Bank and Credit Suisse the start of a new banking crisis? First there was a run on Silicon Valley Bank in the
Read the full article…
Should I take on Tufton Street?
I was in Jeremy Vine’s studio at the BBC talking about the budget yesterday. As usual, and as has been the case for more than
Read the full article…
The morning after the budget.
The morning after is always a time for reflection. Once the heat of the day has passed what is left to muse on? This is
Read the full article…
A budget summary in tweets and charts
I have now reviewed most of the Office for Budget Responsibility’s forecasts issued with the 2023 budget. I wrote my review in a series of
Read the full article…
A budget for tinkering as the economy sinks
Having listened to the budget with the main intention of talking about it on Radio 2 immediately after the Chancellor sat down, and having since
Read the full article…
Will increasing permissible pension contributions get you back to work?
Jeremy Hunt is supposedly going to announce measures to get those over the age of 50 who have dropped out of the workforce back to
Read the full article…
Whatever Hunt does today will be tinkering at the edges of a budget that will offer the continuation of the UK’s economic decline
It is Budget Day. As a consequence I will be in Jeremy Vine’s BBC Radio 2 studio at about 13.30 today, discussing the budget as
Read the full article…
Do UK debt servicing costs require that the government impose austerty?
If UK government ministers were to be believed the cost of servicing UK government debt creates such a burden on its finances that austerity is
Read the full article…

Buy me a coffee!
