The British Prime Minister, along with almost all the rest of the world, is losing patience with the Euro leaders. Yesterday Merkel and Sarkozy met, once again, and once again agreed that something must be done, this time to save tottering European banks. But once again they could not agree on what. Those are the facts […]

Increasing the money supply when the supply shrinks sufficiently to inhibit economic activity, if properly controlled, is a good deal better than borrowing more. The Bank has done the right thing, given that we are where we are. If the Treasury comes up with a workable programme of credit easing, this will be good also. Both these measures allow the […]

This Blog has had many doubts about David Cameron and disagrees with quite a bit he has done or is planning. He took unnecessary damage over Coulson, of which more may be heard in due course. But his leadership is growing in confidence and authority and his speech to the Tory conference was by far the best […]

For months and months the eurozone leaders have talked and debated, agreed and declared, delayed and procrastinated. They either have not acted or if they have, they have not implemented. Not a single one of the pressing issues of governance or funding have been definitively resolved. The multiple centres of control and power are far […]

This is the most interesting of the big three conferences, not least because the Tories lead the government. It is interesting also because there is now open debate about  the government’s growth strategy.  The Tory Chairman of the important Treasury Select Commitee, Andrew Tyrie MP, thinks it doesn’t have one. Before we explore what might be done, […]

Regular readers will know I am engaged on a book project, so new posts on this blog are less frequent. In the last several days some interesting things passed by without a comment, but I am now going to revisit three speeches and come up to date with today’s vote in the German parliament. Obama’s […]

Two things of significance emerge from the meetings in Washington. The first is that the the various countries of the euro zone have at last woken up to the fact that they are in dire trouble. The second is that somebody among them has done the maths and a partial 50% default by Greece is being […]

There is a difference in this crisis compared to all the many crises, both political and economic, since WWII. This time nobody knows what to do, or if they know, they cannot act. There is a political paralysis in the euro zone. It is made worse because there is political dysfunction in the U.S. There […]

The Liberal Democratic Party has lost confidence through nervous perception rather then just cause. Yes there was the car crash of the AV vote. Electoral Reform is not only off the radar, having been the focus of so many members for so long, but it was decisively rejected by voters. Then there were tuition fees. […]

Things are now very nearly out of control. There is a runaway engine and no driver. Just as in the birth of the United States, when the founding fathers used opaque words to reconcile the issue of state sovereignty to secure agreement when there was none, so European politicians have pressed forward to ever closer […]