mainly macro
Comment on macroeconomic issues
Tuesday, 8 July 2025
Everyone knows Labour has made mistakes. What is more worrying is why those mistakes were made.
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Every political journalist has been writing their one year assessment of the Labour government. The general view is that Labour is in cris...
Tuesday, 1 July 2025
Other countries' wars and the media
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According to this article in the New York Times , Trump’s decision to bomb Iran was taken in part because Israel’s attacks were playing so...
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 ...
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