Andy Burnham is now a shoo-in to replace Keir Starmer as PM. Indeed, he has already U-turned almost as often. But his pick as Chancellor and any talk of new fiscal rules could still move markets. Welcome to the latest weekly wrap of the key points from my social media posts. Monday 15 June On … Continue reading Weekly wrap: “meet the new boss, same as the old boss”?
Tag: government borrowing
Weekly wrap: Labour still isn’t working
Keir Starmer’s government is wasting its remaining time and your money playing at being a tech investor, while failing on everything from job security to national security. Welcome to the latest weekly wrap of the key points from my social media posts, with comments on the UK and global economies, the markets, and occasionally on … Continue reading Weekly wrap: Labour still isn’t working
Three quick points on the economics of defence spending
Raising defence spending will be a hard sell. But politicians must not shy away from this fight, and innovative "defence bonds" may help to win it. John Healey’s resignation as Defence Secretary today may well be the fatal blow to Keir Starmer’s premiership, leaving Andy Burnham to deliver the last rites. Everything that has happened … Continue reading Three quick points on the economics of defence spending
Why Reform’s tax-free overtime plan is a bad idea
Reform’s proposed tax break on overtime is likely to feature prominently in the Makerfield pitch. But it is also yet another example of a policy that is both good politics and terrible economics. The Reform party is proposing that people who earn less than £75,000 and work overtime above a 40-hour week will pay no income tax … Continue reading Why Reform’s tax-free overtime plan is a bad idea
Plain-speaking Economics 