Tuesday, 30 January 2024

The evolution of the UK Conservative party since 1979

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  This is in part a follow-up to my post two weeks ago , which argued that parties of the centre-right that adopt unpopular right wing econo...
Tuesday, 23 January 2024

2024 will be the year UK fiscal policy became a sad joke

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  The media is full of stories about tax cuts in the Budget, stories encouraged by the Chancellor. Let's put aside the fact that the co...
Tuesday, 16 January 2024

Why the centre-right has helped cause the drift to the far right in Western democracies

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The far right now holds power in Hungary, Italy and Argentina. Trump, undoubtedly a far right figure, has a good chance of not only becomin...
Tuesday, 9 January 2024

If the next government isn’t diverting resources to investment then it will be giving up on our future

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  To prove you are not a robot, click on the cars in this picture. You might be surprised that this blog has featured the causes and conseq...
Tuesday, 2 January 2024

The case for increasing government debt to green the economy is greater than for increasing debt during the pandemic

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  As the chart below shows, the story of UK government debt since 1900 (as a share of GDP) is a story of crises ( source ). The ratio of...
Tuesday, 19 December 2023

How a Labour government could be the tipping point for public discussion about immigration

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  Just over a year ago I wrote about the tipping point in public support for Brexit. The tipping point (in reality tipping points) is when ...
Tuesday, 12 December 2023

Lessons (so far) from the inflation bubble of 2021-3

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  Inflation went up, but now it’s coming down again. Not just in the UK, but pretty well everywhere. What macroeconomic lessons can we learn...