Thomas Piketty called it the most important formula in economics: it’s R > G , which means that the rate of return on capital (R)
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Rachel Reeves is panicking
Rachel Reeves stood at a Downing Street podium this morning and panicked. Three weeks before her budget, she admitted what many already feared, that she’s
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Reeves’ rabbit in the headlights moment
I just posted this on Twitter: I can offer no other interpretation for this unprecedented pre-Budget speech at such an unusual time of the day.
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Reflections
I have been responsible for administering an estate for the last 20 months. This was not the choice of the person whose estate I am
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Reeves, and the folly of increasing basic income tax rates
There is much discussion in the media today about Rachel Reeves and tax rises. Rumour has it that Reeves has decided that cuts to public
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The Union must change
I was intrigued by the answers to the polls posted with yesterday’s video on whether the UK can survive. As is our usual practice, we
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If you didn’t know who you’d be, would you design this society?
What if we designed society before we knew who we’d be in it? Philosopher John Rawls asked that question in A Theory of Justice, and
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Who owns companies, and why?
A reader on this blog recently asked a question that goes to the heart of how our economy now works. It was simple: who are
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How can the economy survive when most wages are too low?
The Financial Times has reported this morning that senior figures in the City are now complaining that the minimum wage is rising so close to
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