Economic illiteracy - their economics teachers must be weeping in shame

Although David Cameron launched it, I assume George Osborne must have at least agreed the latest Conservative plan - to incentivise saving with tax relief paid for by cutting (unspecified) public spending. And I’m very disappointed, because George and I went to the same school and the same university (albeit he’s a bit younger than  me) so [...]

The politics of the PBR

Much political journalism these days seems to be written by people who would rather be sports reporters. Who’s in the team, who’s heading for relegation or who had a good game are more frequently written about than the policy or ideological issues that are at stake.

Gordon Brown or George Osborne: hopeful gamble vs. certain defeat

I have heard it said that in a crisis, one’s true nature shows through.  In this economic crisis, Brown is revealing the Keynesian he kept under wraps so well for a decade. While Osborne is revealing the Thatcherite that the Tories have been so keen to hide since Cameron took over.  As a result, the dividing lines [...]

The battle lines deepen

George Osbourne’s speech today marks a very clear dividing line between the government (with the Lib Dems) and the Conservatives.
In his interview on the Today programme he has clearly lined up the Conservative Party in opposition to a Keynesian response to recession. Indeed he used ‘Keynesian’ as a term of abuse and said:
“You can’t spend your [...]

Breaking the secrecy code

Today’s papers are full of the varying accounts of George Osborne’s yachting trips.
But it’s hard not to conclude that his real crime in the eyes of Nathaniel Rothschild is that he has broken the secrecy code of the super-rich, and brought us all a glimpse of their detached lifestyle.

Useless tax policy #1 and #2

The Conservative Party are heading for a hat trick of tax policies that completely miss the point.
At the end of last week, George Osborne wrote to the Chancellor declaring that he would cut corporation tax from 28% to 25% to stop companies leaving the UK.  However, as the tax expert and obsessive blogger Richard Murphy [...]

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