As the Office for National Statistics has noted this morning: The Consumer Prices Index (CPI) rose by 10.1% in the 12 months to March 2023,
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How much misery does the Bank of England plan to impose on the average UK household?
The ONS published wage data to the end of February yesterday. There were no great surprises. Both real total and regular pay fell on the
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The public like public services, and the resulting tax bills
I think this introduction to a chapter in the most recent British Social Attitudes survey is so significant that I am sharing it in full:
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Modern monetary theory: an explanation
As if to mark the new name of this blog I have published what I think is quite an important new paper this morning. This
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Funding the Future
After quite a lot of agonising over the last few weeks, the eagle-eyed will note that the blog got its new title this morning. I
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Labour is making a complete fool of itself on its NHS promises
Labour are continuing to make complete and utter fools of themselves, this time on the NHS: This is total nonsense. Doubling the number of doctors
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The modern monetary theory glossary entry
I promised a week ago that I would both publish a modern monetary theory (MMT) glossary entry and publish more about what I think MMT
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The NHS can be properly funded. Anyone claiming otherwise is just not telling the truth
Government ministers claim that the country cannot afford a fair settlement for the NHS, teachers and other essential public sector workers. They would apparently prefer
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We can afford our public services, but not whilst we ignore the cost to the planet of the manufacturing sector
I have been musing on productivity over the weekend. The conclusions are at least fivefold. First, productivity measures are totally distorted. Those in manufacturing assume
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