If you believe many of the comments in the broadcast media and from the City, Liz Truss is threatening to undermine the independence of the Bank of England and rip up a policy framework that has served us well for decades. One member of the Monetary Policy Committee (MPC), Michael Saunders, has already felt the … Continue reading The Bank of England shouldn’t be above criticism
Would more tax cuts be inflationary?
One of the central arguments of Rishi Sunak’s campaign to become the next Prime Minister is that it would be irresponsible to cut taxes further until inflation is under control. Of course, there are risks here, but my view is that they are worth taking. For a start, it is not clear that tax cuts … Continue reading Would more tax cuts be inflationary?
Is Liz Truss on the right track on ‘Covid debt’?
Liz Truss has pledged to put Covid debt on a ‘longer-term footing’ as part of her bid to become the next Prime Minister. The details are sketchy, but the proposal seems to be to extend the maturity of £311 billion of pandemic-related borrowing to lock in low interest rates, and to slow the pace of … Continue reading Is Liz Truss on the right track on ‘Covid debt’?
The seven tactics that Remainers use to discredit Brexit – and why they’re wrong
Brexit has hardly featured in the race to become the next Prime Minister, but the Conservative Party is still divided on the best way forward. The new leader will be under great pressure from many quarters to keep the UK economy as close to the EU as possible, rather than pursue the ambition of a … Continue reading The seven tactics that Remainers use to discredit Brexit – and why they’re wrong
Plain-speaking Economics 