Day: 24 March 2010

The Budget When you sweep away the theatre and the rhetoric, not much changed in the budget. The critical point appears to be that the reduction in borrowing from forecasts because of higher revenue has been retained and not given away, so borrowing requirements overall are reduced and that should please the markets. Darling has […]

Political Integrity We had the expenses scandal. Last weekend a new outrage was uncovered. Sleazy ex-ministers trying to sell their services,  according to one like ‘a cab for hire’. I am not sure that was the right analogy. Now it turns out there are regular junkets all over the world, paid for by foreign governments, in […]