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 […]
ONS – you can read the public detail on our disastrous situation, but for what is not in the public domain…
Published on 21st May 2025
Here are four papers on the UK’s public finances being issued through Global Britain.
The first is on the structure and amount of the UK’s public debt.
The second is on the amount […]
Government announcement of the Accord
Published on 19th May 2025
A ‘Mansion House Accord’ was announced with due fanfare on 13th May 2025 that the heads of 17 managers of UK Defined Contribution (DC) pension funds would allocate a minimum of 10% of their ‘default funds’ to unlisted companies by 2030, of which at least 5% would […]
Article from IREF website
Published on 17th May 2025
Original article published by IREF Europe on 14th May 2025
Introduction
The recent major fall in global stock markets was too large to be solely attributable to Trump’s tariffs. It is an adjustment and possibly the introduction to a period of downwards adjustments for investors. The amount of profit available […]