The Office for National Statistics has published new GDP data this morning. As they put it: Main points In the three months to October 2025,
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Inequality is a political choice – and the UK keeps choosing it
The World Inequality Report 2026 opens with a sentence that should trouble anyone who cares about democracy or economic justice: Inequality is a political choice.
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Economic questions: the James Tobin question
This is one of a series of posts that will ask what the most pertinent question raised by a prominent influencer of political economy might have been,
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New glossary entry: Spahn taxation
Of all the concepts I noted in my post on making capital controls work this morning, the one likely to be most unfamiliar is Spahn
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Trump’s war on Europe is all about racism
The Guardian reported yesterday that Donald Trump has once again been grossly derogatory about the impact of immigrants on European countries. Doing so, he is claiming
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Making capital controls work
A commentator called Milano asked yesterday: Given today’s highly interconnected plumbing (gilt repo, FX swaps, CCPs, non-bank leverage) and the fact that Thatcher’s government first
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This is not a way to run an economy
After a night where I spent more time awake than asleep, a few thoughts on an article that caught my attention as my nose and
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Where’s the plan?
Too many campaigners talk about what’s wrong, but never explain what must change or how it could happen. Real campaigning means finding solutions: identifying causes,
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Why are people are frightened?
I think people are frightened at the prospect of another crash, which is looking ever more likely. Yesterday’s video has had 156,000 views so far,
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