Jeremy Hunt has never been a strong minister at cabinet level. He is affable and charming, but in a corner he is apt to be unconvincing. Whether he will be able to cling on depends in part on what Rupert Murdoch says today. It is quite clear that the old strictures regarding how to remain […]
The political crisis, which in the end is far more of a threat to the euro than the financial markets, is slowly assembling a critical mass. There is a chance of a socialist government in France, Greece is soon to vote for a new government, in Ireland voters are refusing to pay the 100 euro […]
The nature of the euro crisis is altering. It will cease to be, for the time being, a financial crisis dominated by markets. It will become a political crisis dominated by voters. At present the undemocratic reforms to economic management in the eurozone, the QE of sorts by the ECB and the dominance of Germany, […]
We are getting a huge increase in automated mindless spam type comments and so for the time being severe restrictions will have to be introduced. Comments will be closed on posts over 3 days old and contributors will have first to register, then log in. Sorry!
The latest contribution by Britain to the IMF has caused Osborne more trouble, if he did not have enough already, but it does make sense to ensure that the coffers of this fund of last resort are kept topped up, not least because it is not impossible that we may need its help again one […]
Is the criticism of the Budget, the biggest onslaught of its kind in living memory, fair? The answer, like most in politics, is both yes and no. Yes, if you judge the budget as a political instrument; no if you look at the budget as a fiscal tool to manage the economy. In the big […]
There has been a furore concerning the imminent deportation of the radical cleric to Jordan and his last minute appeal. The Home Office and the hapless Mrs. May insist they got the date right. They did not. A time limit expires at the end of the final day, not at the beginning of it. Any fool knows that.
I am sorry to disappoint regular readers with such sporadic new postings, but my book project has reached a very demanding stage!