Rachel Reeves’ Budget this week has several themes. She gave the City what it wanted. She spent almost nothing on anything that might add value
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The Scottish spin
The UK is cursed: how finance destroyed our economy
For more than 45 years, the UK has suffered not one, but two economic curses: the resource curse and the finance curse. Both were chosen,
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Yesterday on Radio 2
This video is a little unusual. It is a recording of what I said on the Jeremy Vine Show on BBC Radio 2 yesterday. We’ve
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The Treasury’s deeply misleading data on the impact of the Budget
The Treasury yesterday produced a distributional analysis of the Budget, plus last year’s fiasco from Reeves. They said: This document sets out estimates of the impact
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The hypocrisy of bankers needs to come to an end
There was a comment posted on this blog overnight, which might reasonably be called a tirade about the temerity of my suggestion that we might
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Phew: what a day
Budget days have always been busy in my life, and yesterday was no exception. The Office for Budget Responsibility’s leak changed the course of the
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The Budget: No growth. No hope?
Rachel Reeves says her budget delivers stability. The Office for Budget Responsibility’s charts tell a very different story. High interest rates, low investment, falling profitability,
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Why Rachel Reeves just failed the British public
Rachel Reeves’ 2025 Budget has already collapsed under the weight of its own contradictions. In this video, I explain why tax rises on ordinary people,
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