It is possible for the UK to survive the economic crisis caused by coronavirus. However, that requires a plan and right now the government has
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Why Rishi Sunak’s loan scheme cannot work and what should be done instead – the full explanation with a worked example
As I noted on this blog yesterday, Rishi Sunak’s suggestion that £330 billion of loan funds might be made available to struggling UK businesses is
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Rishi Sunak’s business support package fails at almost every single level – not least because it will be illegal for many businesses to even apply for it
Rishi Sunak has announced new support for businesses this afternoon. I welcome his additional rate support relief. His tiny grants for some smaller businesses are
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Martin Wolf, Emmauel Saez and Gabriel Zucman are wrong: the government should never be the customer of last resort
Martin Wolf has written an article in the Financial Times in which he recommends that the government should become the buyer of last resort from
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Will Sunak rise to the challenge of today? I seriously doubt it…
As I pointed out last week, literally minutes after he sat down from delivering it, Rishi Sunak’s first budget was a disaster because of the
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Why insurance cannot solve the problems businesses face now
There has been quite a lot of commentary in the media from small-business sources suggesting that the government has been reckless in suggesting that pubs,
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Let the deficits accumulate: they’re exactly what we need right now
When I was asked by Jeremy Vine on Radio 2 last week what my reaction to the budget was I said that I thought it
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For those in Scotland I have just done a pre-record for John Beattie’s programme this evening
The pre-record was ten minutes, which given how I feel was some effort. The subject was whether or not we will have a crash. My
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This time it is impossible for anything to be the same again. That’s the one certainty we have got.
This morning’s financial news makes two things clear. The first is that financial intervention from Central Banks is not enough to allay market fears. They
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