mainly macro
Comment on macroeconomic issues
Tuesday, 6 October 2026
Misconceptions following Burnham’s speech
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The Prime Minister’s conference speech was a week ago, but there is still plenty of confusion about how it should be interpreted. Indeed t...
Tuesday, 29 September 2026
Populist tendencies on the UK left, and the puzzle that never was
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Don’t shoot the messager The Treasury Select Committee (TSC) has just published a report on the Office of Budget Responsibility, the ...
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 ...
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