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 […]
Picture from Global Britain’s blog
Published on 27th May 2025
LABOUR’S new ‘iron’ fiscal rules will open the floodgates to ‘borrowing for investment’, under the Government’s new measure of the national debt, called ‘Public sector net liabilities’.
That is the message of my paper ‘‘Borrowing for investment’ – what is meant by this statement in theoretical terms’ published […]
Picture from the Global Britain blog
Published on 27th May 2025
The UK’s debt is already nearly the same size as the whole UK economy and is continuing to increase. The Labour Government’s plan to introduce a new measure of it, so as to understate it, is already so far from reality it cannot fool the public, […]
Picture from the Global Britain blog
Why there is no chance of spending being covered by revenue by 2029 in compliance with Labour’s ‘iron’ fiscal rule
Published on 27th May 2025
Labour has lost control of the UK’s public finances. Day-to-day costs have been increasing. There was a ‘black hole’ but not the one claimed by Chancellor Rachel […]