The pension debate is misframed as a funding problem when it is actually a question of how current production is allocated and distributed between workers and retirees.
Munchau's Vigilantes: Why Burnham Doesn't Need to Fear the Bond Market
A breakdown of Wolfgang Munchau’s piece on Burnhamomics, exposing the analytical errors that follow inevitably from viewing sterling monetary operations through a mainstream europhile lens.
Debt Tyranny and Other Ghost Stories
The emperor has no clothes, and the only thing keeping him warm is our collective refusal to look down.
UK Employment Stats - Jun 2026
The number of people in the UK without work that want it
Rebuilding the Bottom Rung
If there is a shortage of entry level jobs, why not create some?
The 'Borrowing Costs' Ritual
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.
Halligan's Martian Economics
Another day, another 1976 warning
UK Sectoral Balances - Apr 2026
Sectoral Financial Balances for the UK as a % of GDP, smoothed over a year
The Fig Leaf Economy: How Minimum Wage Tiers Mask A Failing Market
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.
Capital Constraints and Equity Dynamics in Agent-Based Banking Models: An Automated Assessment
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.