We have drawn comparison from time to time, more often recently, of the similarity between the Euro crisis and the deadlock over financial policy across the Atlantic. One difference is now worth emphasising. There is broard consensus in Europe of the need to fashion a plan to reduce debt and strengthen governance of the euro […]
Just a thought for the cut less borrow more enthusiasts. If we did not have our current debt mountain, the government would have £50 billion each year to pump into the economy either directly or by reduced taxation. Think what that would do for growth.
The activity on this blog must reduce for a while, some months, as I am now engaged on a major book project, which must take priority. There will be posts, but they will be short pointers, rather than argued analysis. Meanwhile there are over a quarter of a million words in the archives of the […]