I was invited onto LBC Radio this morning to discuss whether we needed a Budget. Presenter Matthew Wright, who seems to be keen to have
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What does growth mean?
A reader of this blog asked me recently in an email why the UK no longer seems to make things, and whether a country can
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New glossary entry: the Full Funding Rule
Definition The Full Funding Rule is a self-imposed Treasury convention requiring the UK government to “fully fund” any fiscal deficit by issuing an equivalent amount
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Money, and the stories that are told to engineer control and privilege
A reader here asked this question today: Hi. New reader, found my way here via a recent interest in degrowth economics. I’m hoping someone here
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The oppression goes on
This is from the Bank of England statement on the interest rate change decision made yesterday: At its meeting ending on 5 November 2025, the
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There’s a £1 trillion crash waiting to happen
Global stock markets are at record highs. Everyone knows it’s a bubble, but no one wants to leave the dance. In this video, I explain
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Why are people who are capable of massive misjudgement allowed to run public companies?
I found it quite staggering that the FT could report this today: Barclays has agreed to buy US personal loan business Best Egg for $800mn
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Larry Elliott on fiscal failure, technological anxiety and cautious optimism
The UK is stuck in a self-inflicted fiscal trap. Larry Elliott, former Guardian Economics Editor and my co-author in the Green New Deal, joins me
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When all that’s left is the rentier economy
As the Guardian reports this morning: When all that’s left is the rentier economy — and in households that rent, that is the only interest
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