The curse of the fiscal rule
Friday, December 22nd, 2023As the Guardian noted in its editorial yesterday: [The current economic] context demands a bold economic strategy fit for the times, with a major role
Read the full article…
We need a 2 per cent cut in Bank of England base rates for Christmas
Thursday, December 21st, 2023Here are two Guardian business blog stories from this morning: Let’s be clear that to blame this all on inflation is absurd and wrong. Some
Read the full article…
Jersey was once a place of refuge, and not the home of offshore finance
Thursday, December 21st, 2023John Christensen, with whom I worked for many years in the Tax Justice Network, and I had the chance to catch up during our visit
Read the full article…
Ending the toxic politics that is breaking the UK, and the world beyond
Wednesday, December 20th, 2023Might I make a plea to those who usually ignore what I write about Scotland, and suggest what follows is of universal UK appeal, and
Read the full article…
We really are not in a good place
Monday, December 18th, 2023The Guardian’s morning business newsletter seemed to have a story to tell in the headlines that it chose today. These were the openers: I, of course,
Read the full article…
We need emergency legislation to prevent a total water supply and financial meltdown if Thames Water fails
Friday, December 15th, 2023As is now widely acknowledged, including by the company itself, Thames Water is now facing significant financial difficulties. That company has a £190 million debt
Read the full article…
We must find a solution to funding the global Green New Deal
Thursday, December 14th, 2023As Larry Elliott notes in the Guardian this morning: Urgent action is needed to prevent record debt repayments by the world’s poorest countries developing into
Read the full article…
The Rwanda Bill's denial of the truth is not a mistake: it is Tory policy
Thursday, December 14th, 2023Kemi Badenoch is the Business Secretary. She is also the minister for inequality. And she is desperate to be the leader of the Tory party.
Read the full article…
Planning the economy around a government surplus can never represent a strategic vision
Wednesday, December 13th, 2023I noted an article by Martin Wolf in the FT last week on this blog. In that article, Wolf argued that the UK needed a
Read the full article…