Britain’s supposed ‘borrowing crisis’ says less about financial necessity than about a political class still trapped inside the rituals and superstitions of a pre-floating exchange rate world.

The number of people in the UK without work that want it

Another day, another 1976 warning

Sectoral Financial Balances for the UK as a % of GDP, smoothed over a year

The National Minimum Wage has become a rationing mechanism rather than a floor. By clinging to age-based tiers, the UK masks a systemic failure where the private sector no longer rewards experience.

Agent-based banking models impose hard capital constraints and lack market-priced equity issuance, overstating credit rationing relative to empirical evidence on proactive seasoned equity offerings.

A ‘bond crisis’ is upon us, apparently. Break the usual framing and the opposite emerges: borrowing costs have fallen, and the ‘crisis’ is seen for what it is - manufactured panic serving particular interests.

Currency Collapse is Codswallop. Why the Currency Crisis Crew have it backwards, yet again.

Why I think that Starmer is going to be staying exactly where he is for the foreseeable future