UK banks are rubbish: of course they are undervalued
Friday, January 19th, 2024The FT noted last night that: Jeremy Hunt has called in Britain’s largest banks to discuss why they remain so poorly valued compared with global
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We do not enjoy the public good that democracy is meant to be
Thursday, January 18th, 2024What gets me about the fiasco of the Rwanda asylum Bill that passed the Commons last night, but which is very unlikely to pass the
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Inflation is over. It is time that the Bank of England recognises this and responds appropriately
Thursday, January 18th, 2024As I noted yesterday, this month’s inflation data shows a very slight rise over that published in December. The difference is statistically insignificant at 0.1%,
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The appeal of Trump
Wednesday, January 17th, 2024Heather Cox Richardson, in her Letter from an American this morning (subscribe here, for free) summarised Trump’s appeal rather well: White evangelicals heartily endorse a
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You could have a wealth tax raising a few billion or major reforms to existing taxes that could raise £100 billion or more? Which would you prefer if you wanted to tackle inequality?
Wednesday, January 17th, 2024Davos is full of calls for the super-rich to be taxed more. The Patriotic Millionaires are at it. As the Guardian notes: More than 250
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The insanity of the modern Tory party
Wednesday, January 17th, 2024I watched news reports on the insanity that has gripped the Tories last night. Two vice chairs have resigned as has the odd junior government
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Inflation always goes away, and a little profiteering at our expense at Christmas will not change that
Wednesday, January 17th, 2024I have seen the most extraordinary, verging on stupid, reactions this morning to the Office for National Statistics announcement that inflation increased from 3.9% to
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Suppose we got rid of the management pretence that public services can be run by trusts? What would that save?
Tuesday, January 16th, 2024As the FT notes this morning: The British government could save at least £20bn a year by modernising IT systems, tackling fraud and getting a
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There is no such thing as depoliticised policymaking
Tuesday, January 16th, 2024I am always wary when reading opening paragraphs of articles of this sort, as seen in the FT this morning: Barclays chief executive CS Venkatakrishnan
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