Keir Starmer’s belief that the private sector will be the salvation of UK investing is wholly misplaced. Large UK companies are the worst at investing. They look to financialisation for their profits, with innovation very much off their agendas. To … Read More »
Even the mildly socialist policies put forward on Jeremy Corbyn’s watch were too much for Britain’s rulers. Aided by the most vicious campaign ever waged against a party leader, in which every wing – liberal as much as conservative, ‘quality’ … Read More »
Apropos UK data released today by the Office for National Statistics (ONS), modern monetary theorist and tax specialist Richard Murphy comments that: The deliberate choice by the government to prevent market-matching pay settlements in the public sector is only rational … Read More »
There’s no remorse for George Osborne’s austerity that stripped the country bare and wiped 1% off GDP. Instead, here comes the austerity reprise, but far worse now that the Tories are cutting spending on skeleton services in a state of collapse. … Read More »
Martin Kettle being one of the less vapid Guardian columnists, when I saw his piece yesterday – under the uncontroversial title, Sunak’s job now is not about securing a Tory win, but merely avoiding an electoral disaster – I … Read More »
While gathering my thoughts for part two of Magic Money Tree I was alerted by Dave Hansell to an UnHerd post of October 20. Now as Richard Murphy recently pointed out, the British Labour Party is fully committed – as is … Read More »
With every prospect of a Labour government in Britain in 2024 – and if the Tories have the nous to play the long game, a whole lot sooner – let me begin with the two quotes which ended my post … Read More »
Sunday Times, October 16, 2022 * Media speak of a double crisis having hit Britain since Kwasi Kwarteng, sacked on Friday after thirty-eight days as Chancellor of the Exchequer in an attempt by his boss (as futile as it was … Read More »
By sacking Kwarteng, Truss hopes to save herself. But there is little chance this will work. Appointing Jeremy Hunt as replacement chancellor is an attempt to reach out to other sections of the party, but her government is dead in … Read More »
International chess tournament in Reykjavik, 2017 Zugzwang – “compulsion to move” – is a situation in chess and other turn-based games wherein a player is placed at a disadvantage because of their obligation to make a move when any legal … Read More »