An Advisory Notice on Fiscal Misinformation
Discovered on the TransPennine Express out of Manchester Airport. If genuine, it changes rather a lot. If not, someone has entirely too much time on their hands.
Uk-Politics
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.
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.
In Reality, UK Borrowing Costs Have Gone Down
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.
Not Only Can We Ignore the Bond Market, We Must
The gilt market is mendicant, not master. Why we must stop our devotion to an empty throne and remove this phantom veto on democracy.
Rachel Reeves and the Great Fiscal Sleight of Hand
Rachel Reeves’ tax hikes are sold as plugging a ‘black hole’, but the real aim may be freeing up resources for public investment, not balancing a mythical household budget