Headline of Daily Telegraph article on 25 September 2025
Published on 10th October 2025
Richard Tice of Reform UK recently argued, in a Daily Telegraph article entitled ‘I know a way to avoid tax rises at the next Budget’, that the Bank of England (BoE) should stop paying interest on its funding for its Quantitative Easing (QE) […]
Published on 26th September 2025
My letter published in the Daily Telegraph on 25th September 2025
That’s it: Andy Burnham’s chances of becoming Prime Minister are dead-in-the-water, thanks to this devastating verdict passed by a leading economic and political commentator.
One could also have mentioned that Burnham is as keen as most other Labour politicians to tax the […]
The ECB, which holds the monetary policy tools over the euro
Published on 13th September 2025
Introduction
France had its credit rating cut from AA- to A+ by the Fitch credit rating agency on 12th September 2025. This is not the disaster it may appear to be at first sight, because all the other four agencies approved by […]
Headline in the Daily Express version
Published on 20 July 2025
Introduction
The European Commission has started the ball rolling on the setting of the EU Budget for its next seven-year period 2028-35, the so-called Multiannual Financial Framework or MFF. A big increase is proposed in the Commission’s first draft, and this has been met with the ritual […]
Email recieved from Conservative Party on 26th June 2025
Published on 26th June 2025
The Conservative Party does not know what being in opposition means.
This is the conclusion to be drawn from the above email, sent by the Conservatives today to their members under the name of Mel Stride, the Shadow Chancellor of the Exchequer.
The subject is […]
Picture from Global Britain blog
Published on 28th May 2025
This is the full version of the fourth paper in my Global Britain series on the UK’s public finances, entitled ‘Borrowing for investment’ – what signs we have of how this will manifest itself under the current Labour regime’.
You can download it through this link.
All indicators point […]
Picture from Global Britain blog
Published on 28th May 2025
This is the full version of the third paper in my Global Britain series on the UK’s public finances, entitled ‘‘Borrowing for investment’ – what is meant by this statement in theoretical terms’.
Labour aims to engage in an orgy of borrowing but off-the-books, just like New Labour’s […]
Picture from Global Britain blog
Published on 28th May 2025
This is the full version of the second paper in my Global Britain series on the UK’s public finances, entitled ‘The UK government’s budget for ‘day-to-day’ costs is out-of-control and deteriorating, and has no chance of being met by revenues by 2029’.
This balance is one of Labour […]
Picture from Global Britain blog
Published on 28th May 2025
This is the full version of the first paper in my Global Britain series on the UK’s public finances, entitled ‘The structure of the UK’s public finances and the amount of the UK’s public debt’.
You can download it through this link.
A Spending Review is in progress – […]
Picture from Global Britain blog
Published on 27th May 2025
LABOUR’S ‘borrowing for investment’ will part-finance the Net Zero transition in a repeat of New Labour’s Private Finance Initiative and the EU’s InvestEU, and cost the UK nearly £7 trillion.
The Climate Change Committee’s Carbon Budgets are a dangerous fiction in that they exclude these financing costs.
That is […]