Rachel Reeves’ Scene Setter speech today was clearly designed to pave the way for big tax increases in the Budget. But there are plenty of moving parts and much could still change, even now. The Chancellor put her excuses in early (blaming everyone else), attempted a positive spin (tough choices are “necessary” to protect the NHS and … Continue reading Rachel Reeves sets the scene – for big tax rises?
Tag: financial markets
Why bans on ‘short selling’ are a bad idea
It is understandable that some people are on the lookout for villains to blame in this time of national crisis – and who better than City ‘fat cats’ who are ‘profiting from the misery of others’? But it usually only takes a moment of serious thought to realise that these attacks are well wide of … Continue reading Why bans on ‘short selling’ are a bad idea
Five times the City got it wrong on Brexit
"Buy British, Goldman Sachs tells clients". I had mixed feelings on reading this headline. It’s reassuring that the City is waking up to the prospect of an upturn in the economy next year. Goldman is surely right that clarity on the terms of the UK’s departure from the EU should emerge sooner under a Conservative … Continue reading Five times the City got it wrong on Brexit
Plain-speaking Economics 