Politicians often propose policies without any proper review of their costs. When any new measure is introduced into Parliament, the Office for Budget Responsibility should audit its future financial burden Read more
Today’s bad news on mortgages indicates that the household debt timebomb never went away. Could the chancellor’s Help to Buy scheme be about to make matters worse? Read more
Britain has avoided a triple-dip recession but its economy is flat-lining. This is neither good enough to restore prosperity nor bad enough to provoke a restructuring of the economy Read more
Many commentators are arguing that Plan A hasn’t worked and the government should increase borrowing in the short term to help boost the economy. But this would be a dangerous and self-defeating move Read more
With Britain facing a possible triple-dip recession, it’s time the chancellor ended his fixation with debt and tackled the other two elements of the economic crisis Read more
The chancellor’s homespun theories about debt and borrowing might sound convincing. But actually they make no economic sense at all Read more
The chancellor tried to be upbeat today, but the serious state of the economy cannot be hidden. Neither George Osborne nor Ed Balls is addressing the real problems of our obsession with consumption, lack of focus on production and acceptance of ‘spiv capitalism’ Read more
The chancellor is likely to fail his fiscal targets when he announces the Autumn Statement on Wednesday. He needs to radically rethink the way the debt rules are designed and utilised if they are to endure for any length of time Read more
If Mark Carney is the Sven Göran Eriksson of central bankers, let’s hope he gets better results. The Canadian chosen as the next governor of the Bank of England has a tough job to avoid the UK slipping into the economic relegation zone Read more
The financial crisis affecting the Western World is a result of 30 years of debt-fuelled consumption. We won’t escape the consequences for at least a decade Read more
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