mainly macro
Comment on macroeconomic issues
Wednesday, 25 June 2025
A minimum tax on billionaires
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Most people would agree that taxes, taken as a whole, should be progressive. When you add up all the taxes that an individual pays, the pe...
Wednesday, 18 June 2025
Is the decline of democracy inevitable?
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From 2025 V-DEM report In global terms autocracies are on the rise, and democracies are declining. According to the V-Dem Institute ...
Tuesday, 10 June 2025
Why following the path of the last Labour government will not work this time
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The Blair/Brown government waited until they had won a second general election before raising taxes ‘on working people’ to accompany a sig...
Tuesday, 3 June 2025
The IMF on the UK’s fiscal rules
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Press coverage of the IMF’s annual report on the UK economy in both the FT and Guardian chose to headline their comments about ‘refinin...
Tuesday, 27 May 2025
Is the centre right doomed?
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This post is not about whether the UK Conservative party will be replaced by Farage’s Reform as the main opposition to Labour. As long as ...
Tuesday, 20 May 2025
Reeves is not following in Osborne’s footsteps
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I often see the claim that Reeves is just doing a version of George Osborne’s austerity, or that Reeves is following Osborne in being obse...
Tuesday, 13 May 2025
Starmer’s Disgraceful and Damaging Remarks
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I’m on holiday, and wasn’t going to write a blog post this week. But after a splendid day out on the Northumbrian coast I made the mistake...
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