Tuesday, 22 September 2026

How should the government meet its Golden Rule when debt interest increases?

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  As you are almost certainly aware, the government is having to pay much more in interest on its debt than it used to do. Here is a chart b...
Tuesday, 15 September 2026

Racism and xenophobia are not 'legitimate concerns'.

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  During the 2010 election campaign, Prime Minister Gordon Brown was questioned by a member of the public about immigration. Shortly afterwa...
Tuesday, 8 September 2026

Understanding long term interest rates movements over the austerity period and today

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  The first section explains some basic ideas, and those familiar with arbitrage and the natural real rate of interest can skip to the auste...
Tuesday, 1 September 2026

Is the fall of Starmer a warning for the Democratic Party?

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  The political situation of the US and UK in 2026 is very different. In the UK Labour is in power and will stay there for at least another ...
Tuesday, 25 August 2026

Media regulation is partly about protecting individuals and groups from powerful organisations and the wealthy, but it is also about protecting democracy.

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  Are pile-ons by the media on individuals acceptable? It depends on the individual. If it’s a politician then probably yes, in that the pol...
Tuesday, 18 August 2026

Signs of recovery in comparative UK economic growth

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  I haven’t talked about recent UK macroeconomic data for some time, mainly because there hasn’t been any new story to tell. To recap, growt...