Not since the time of VE Day in 1945 has there been such an outpouring of unity and celebration. The success of Team GB, exceeding all expectations after a faltering start, has brought these islands together in a common purpose of which we generally feel ourselves to be incapable. This has unleashed a sense of […]
The latest predictions from the Bank of England will come as a disappointment to many economists, but they should not come as a surprise. When this crisis broke five years ago, I predicted it would take a whole generation to correct. This ultra gloomy view came from my own conviction that the economic model to […]
The failure of the Tory party to back the House of Lords reforms marks an interesting watershed in the life of the Coalition. From now on neither of its two parties thinks much of the other. It was never a marriage, but more of an affair. Now the attraction is wearing thin. There will now […]
It is difficult to comprehend that the European Central Bank cannot follow up the bold declarations of its president that it will do ‘whatever it takes’ to secure the euro with anything more dramatic than a statement that it is ‘working on a plan’. Really? The inability of the euro authorities to turn words into […]