This weekend the Sunday Telegraph reported that Rachel Reeves is eyeing a “£5bn Bitcoin sale” to ease the pressure on the public finances. Some commentators have grasped the wrong end of the stick here; one-off sales of financial assets could not be used to fill a “black hole” under the current fiscal rules, at least … Continue reading A bitcoin windfall won’t save the Chancellor
Tag: Gordon Brown
The cycle will always be with us
Mark Twain is alleged to have read a newspaper account of his own passing and declared ‘the reports of my death have been greatly exaggerated’. That story may well be apocryphal. But it has stood the test of time rather better than Gordon Brown’s now infamous claim as Chancellor that there would never be a … Continue reading The cycle will always be with us
Plain-speaking Economics 