“Treasury Orthodoxy” gets a bad rap. Shuffling responsibilities is pointless unless the policy choices improve. And the fiscal rules, OBR, and bond market vigilantes will all still be big constraints. Andy Burnham has announced that responsibility for national economic growth policy will move from HM Treasury to No.10 North. I am surprised that this announcement … Continue reading A sceptical first take on moving growth policy from HMT to No.10 North
Tag: Budget
Weekly wrap – Is the NHS really a good model for social care?
A review of news over the past seven days, including thoughts on Burnham’s ambitions for a National Care Service and the case for a small increase in interest rates (“a stitch in time...?). Theme of the week Some first thoughts on Andy Burnham’s ambitions for a National Care Service (NCS)... There are four key questions. … Continue reading Weekly wrap – Is the NHS really a good model for social care?
Weekly wrap: a perfect 10 for stagecraft, a shaky 3 for substance
My regular review of news over the past seven days, including thoughts on Burnham’s first policy announcements, overseas aid, “anti-social businesses”, and the latest economic data (good, in parts). A week may be a long time in politics, but the new team at No.10 has navigated it well. A polished sequence of flashy policy announcements … Continue reading Weekly wrap: a perfect 10 for stagecraft, a shaky 3 for substance
Don’t bank on a “Burnham bounce”
Andy Burnham's first week as PM has coincided with some better economic news. The more positive tone from No.10 may help a little further, but the inflation and fiscal risks haven't gone away. Andy Burnham’s first week as Prime Minister has coincided with some better news on the UK economy and especially on business and … Continue reading Don’t bank on a “Burnham bounce”
Plain-speaking Economics 