This video is fantastic. And in political and economic terms both deeply worrying, and a portent of things to come. Rishi Sunak got some things
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Failing to extend furlough ‘will be death knell for the Tory Party’
The Express ran a headline yesterday saying this: As they noted: A total of 9.6 million people have benefited from the [furlough] scheme since its
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The government is planning to force hundreds of thousands of UK companies out of business if they can’t repay their coronavirus loans, which is a plan for UK national economic suicide
As the FT reports this morning: Chancellor Rishi Sunak is set to rebuff City of London calls for a new state-owned body that would refinance
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We need a National Wealth Service to help business recover from coronavirus, and the government is going exactly the wrong way to deliver it
Modern monetary theory in a tweet
I tried to summarise modern monetary theory in a Tweet this morning: It loses some nuance. And the job guarantee is only hinted at with
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Thursday morning thoughts
There are some realists at the Bank of England
Reuters appears to be almost alone in reporting comments made by Bank of England Deputy Governor Dave Ramsden to the Treasury Select Committee yesterday. As
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Keir Starmer is right: this is absolutely the wrong time to be talking about tax rises
There is much comment all over the media about the need for tax rises at present. There is also much left-wing fury that, according to
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Four think tanks, and not a solution in sight
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Richard Murphy
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