James Carville, adviser to Bill Clinton, once said that if there were reincarnation, he would like to come back as the bond market, because then
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Fiscal rules are not laws of economics. They are political straitjackets designed to stop change. Every Chancellor since Gordon Brown has used them to limit
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As The Guardian has reported this morning: Keir Starmer has sought to tighten his grip on his government with a wave of junior ministerial changes
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I have already mentioned that some of yesterday was spent by Jacqueline (my wife and a retired GP, for those unfamiliar, and a partner in
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Some claim modern monetary theory (MMT) proves that tax doesn’t matter. They’re wrong. Tax is not about funding government spending—it’s about controlling inflation, creating demand
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As I mentioned yesterday, I went to Cambridge for the day. This was partly to recover my MacBook, which had been in for repair, although
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It is a morning when there could be much to say. Keir Starmer’s government is in a mess. His reshuffle was forced upon him, and
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Stablecoins are being sold as safe, secure cryptocurrencies. In reality, they are shadow banking in disguise – with the same risks that nearly destroyed the
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Angela Rayner has quit Labour, brought low by her failure to pay the right stamp duty on the purchase price of her flat in Hove.
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