As is now widely acknowledged, including by the company itself, Thames Water is now facing significant financial difficulties. That company has a £190 million debt
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We are in a political wasteland
Something happened this week. I am not referring to an actual event, although there have been plenty enough of them. I am instead referring to
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The Scrooges are in their counting-house for Christmas
The Bank of England announced at midday today that it was leaving interest rates unchanged at 5.25% this month. Scrooge is in the counting-house for
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We must find a solution to funding the global Green New Deal
As Larry Elliott notes in the Guardian this morning: Urgent action is needed to prevent record debt repayments by the world’s poorest countries developing into
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Wrong place
I got a call yesterday to tell me that there were ruddy ducks on the river in Ely. I am not a twitcher – meaning
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The world’s central banks are desperate for a recession and are going to hold out until they get one
As the FT reported in yesterday’s Federal Reserve decision on interest rates in the USA: The Fed held interest rates at a 22-year high, but
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The Rwanda Bill’s denial of the truth is not a mistake: it is Tory policy
Kemi Badenoch is the Business Secretary. She is also the minister for inequality. And she is desperate to be the leader of the Tory party.
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Planning the economy around a government surplus can never represent a strategic vision
I noted an article by Martin Wolf in the FT last week on this blog. In that article, Wolf argued that the UK needed a
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The UK is another fine mess that failed economic thinking has got us into
The Office for National Statistics issued new provisional GDP figures for October 2023 this morning. These are their charts. The first shows the longer term
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