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Wanted: Ideas For Economic Growth
When the Office for Budget Responsibility had finished grovelling and prostrating itself for leaking the entire Budget in advance, it made a genuinely eye-popping admission about what was actually in it. They said that, after they’d downgraded their growth forecasts…
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Why Britain Needs A Taxpayer Protection Act
Most UK families, business leaders and investors will spend the next month trying to ignore the ever-darkening economic clouds that are gathering in the run-up to Chancellor Rachel Reeves’ autumn Budget. Her problems have been mounting for months. First her…
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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…
