The fear of a double dip recession is mis-placed, not because there will be one, but because, in the big picture, it does not matter if there is. What does matter very much is not getting the re-modelling of the economy properly completed. Without that there will be no lasting recovery. Moreover there will be […]
The new U.S Congress is assembling, with Republicans once again in control of the House. This time, however something is different. This is more than a swing of the political pendulum in a two party electoral system. It is the re-awakening of an old divide in the interpretation of the U.S. Constitution. It is about […]
Ed’s leadership is in trouble. This is very disappointing for this Blog. We thought him the best choice. Can he recover? Probably. What has gone wrong? That is more complex. First of all I have always been opposed to David. His attachment to the cynical politics of New Labour with its lies, spin, dangerous foreign […]
Grant Shapps, the housing Minister, has made the courageous (politically) observation in an interview in The Observer that house price inflation is bad and we need stability in house prices, which should gradually reduce to represent a smaller percentage of income outlay. He thinks a roof should be seen as a necessity not as a […]
At the start of every new year top quality economic commentators predict which way the economic wind will blow. Some are correct, many are wrong. This Blog will not predict, but it will lay out what has to be done with a must do list, without which, wherever we go, will be in the wrong direction. […]
Well, that depends who you are, where, your circumstances and your politics. We can all think of the teeming millions for whom it was not a good year at all. This Blog will concentrate on the U.K. The coalition government was a good thing. It has been strong and effective, though recently the Telegraph scam has […]
There have been some disturbing recent figures, ignored by the markets and lost in the snow. None of these is in itself a cause for undue anxiety, given that the economic times are anxious anyway, but taken together they could be a portent of something nasty. The first is that unemployment has started to rise. […]
He has not yet offered to resign. I think he will. When he does it will not bring down the Coalition, but it will change its nature. An unhappy Liberal Democrat parliamentary party, prodded constantly by unhappy activists in its constituencies, will acquire a leader and a spokesman, who is hugely popular in the country, […]
There should be so such thing. There should be Judicial power and Political power.The two are quite different. The first is impartial and is based on the judgement of what is proper within the law. The second is based on the judgement of what is best in the national interest. By its nature the first […]
If there is government by one party, it makes for good order and is in our tradition, for the principle of collective responsibility to apply. It is debatable in a modern world whether tensions known to media correspondents and lobbyists, should be held secret within the Westminster village and not shared with the public, to whom […]