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We’ve given OBR an impossible task: let’s simplify their job
Asking any forecaster to predict Government debt 5 years ahead is an impossible task, but because it’s in the Government’s Fiscal Rules that’s exactly what the Office for Budgetary Responsibility (OBR) has to try and do. Here’s how to end…
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The fiscal farce that’s bankrupting Britain
American political strategist James Carville wryly observed that, rather than being reincarnated as US President or the Pope, he wanted to come back as the bond market because it can intimidate anybody. The hard truth behind his quip is the…
