Our politicians must wake up to the public debt effect

In a novel by C.P. Snow, a physicist turned author who served as science minister under Harold Wilson in the 1960s, the master of a Cambridge college says that “gratitude isn’t an emotion, but the expectation of gratitude is a very lively one.” The prime minister and her Chancellor may well be having exactly the […]

Low tax regimes only matter as much as their longevity

The tax breaks will, we were told, include 100 per cent relief from business rates on newly occupied business premises, and offsets for companies on spending on new plant and machinery in the first year. Relaxed planning regulations are also set to be part of the package.  The race from local authorities to be included […]

Central banks have fooled themselves into thinking they have power over inflation

The failures of central banks around the world to anticipate and control the current upsurge in inflation are now apparent to all. What has been going on with the highly technical models which economists in these institutions build to try and explain inflation? If we look under the bonnet, we find a debate which is […]

As government debt jumps to fund defence spending, our economy will pay the price

Sanctions will clearly hit the Russian economy very hard. But economic prospects for the West are not exactly rosy. Twice in the 1970s and again in the early 90s, there were rapid spikes in oil prices; each instance was followed by economic recessions. The deep recession following 2008 was, of course, due to financial causes […]

A four day week must withstand the productivity test to be worth the gamble

Durham based challenger bank Atom has announced a four day working week for all of its 430 employees as more and more people debate the number of days we should be working. For SMEs in the services sector, a four day week is an attractive bandwagon to jump on. It is commonly given credit for […]