This blog has been consistently against the notion of an economy fuelled by house price inflation and once again the Tories are taking the cheap ticket to economic recovery and introducing, three months early, their help to buy scheme. This is reckless and cynical, since nearly everybody who can add up a column of figures […]
Apologies to our readers and followers. We had a system failure and have been off line for several days, but everything is now fixed. Watch this space!
The Federal Reserve has given the markets a fillip with its decision to keep pumping new money into the financial system, known a Quantitative Easing. The reason is that the US recovery is not yet secure and unemployment is not falling fast enough. In other words improving but not yet well. It is much the […]
The vote by the British parliament to block the military strike on Syria was described by this blog as historic and has turned out to be so. It caused chaos in Washington, which suddenly realised that without its closest ally it lost the mantle of protector and took on one of aggressor. The American people […]
The Chartered Surveyors were right to call on the Bank of England to keep house inflation at moderate levels, but their suggested rate of 5% per year is too high. House prices are already far too high and must actually fall in real terms over the next decade, if the economy is to enjoy any […]
Some commentators are suggesting that John Kerry made an off the cuff slip, when he suggested the US would call off military strikes if the Assad regime gave up its chemical weapons stockpile, and has thus handed the advantage to the Russians. This is nonsense. First, President Obama has admitted to discussing the idea with […]
Ed Milliband knows that he has both public opinion and the majority opinion of rank and file union members on his side, when he talks of reforming the relationship between the Union movement and its political party. There is certainly a case for modernisation to a model which suits the world in which now we […]
George Osborne claims, with justification, that things are moving up rather than down and there is a slow recovery under way. It is certainly broader based than the ‘no more boom and bust’ model driven into the ditch by Labour, which remains confused about what it would actually do to make things better rather than […]
There is further controversy surrounding this project, focussing once again on the financial argument that it is not worth the money. The problem with Britain, and in particular England, is that its infrastructure falls short of modern needs. It is not just about money, it is about political will and the venerated status of the […]
To many the declaration by President Putin that Russia may be willing to back the use of force in the UN against Syria, if it can be shown beyond doubt that Assad was responsible for the chemical atrocity, comes as big a surprise as the UK Parliament’s No vote. Yet, however high the bar he […]