Archive for the Politics Category

Less austerity will always mean more tax

Less austerity will always mean more tax

There is a great deal of discussion, following the election, of relaxing or even abandoning austerity. There is an equal amount of confusion about this, because the same word is being used to describe two quite separate concepts. The consequences of the government changing its policy on

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Sorry Corbyn, consumers aren’t as sold on nationalisation as you’d like to think

Sorry Corbyn, consumers aren’t as sold on nationalisation as you’d like to think

One of the most remarkable features of the Conservative election campaign was the dog which did not bark. There was no systematic attempt to undermine Jeremy Corbyn’s wholly implausible economic narrative. Magic Money Tree comments aside, Labour’s economic incompetence was allowed to pass almost unchallenged. One part

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Labour’s plans add up on paper, but that won’t translate to the real world

Labour's plans add up on paper, but that won't translate to the real world

The two main manifestos have been published. Initially at least, the Labour one seems the more popular. Many people are susceptible to being bribed with other people’s money. Labour claims that their plans to spend an additional £49 billion have been fully costed. At one level, this

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Diane Abbott is rubbish at maths – but not compared to the rest of the country

Diane Abbott is rubbish at maths – but not compared to the rest of the country

Diane Abbott’s car crash of an interview on LBC radio last week hit the headlines. Asked politely but firmly for the numbers and costings of Labour’s plans on the police, her answers varied wildly from sentence to sentence. Of course, being charitable, it was always open to

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Economists have lost the public’s trust by meddling in politics

Economists have lost the public’s trust by meddling in politics

Michael Gove famously said during the Brexit campaign that people “have had enough of experts”. Certainly, the outcome suggests that many were sceptical of the doom-laden economic projections of Project Fear. But what do the public think about economists themselves? An intriguing survey released last week by

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Anti-growth Welsh leaders are denying their voters prosperity by opposing shale

Anti-growth Welsh leaders are denying their voters prosperity by opposing shale

Leading Welsh politicians seem to be getting ideas above their station. Fifty years ago, Labour held all but four of the Parliamentary seats, and had over 60 per cent of the vote. Now, the Conservatives are by a large margin the second party in terms of votes,

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Need a reason to cut public sector pay and pensions? Look at Jeremy Corbyn

Need a reason to cut public sector pay and pensions? Look at Jeremy Corbyn

The shambles over the treatment of National Insurance has dominated the media’s reporting of the recent Budget. But only the previous week, Jeremy Corbyn made a complete horlicks of his tax return for the second year running. The Bearded One makes a saintly fuss over making his

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Why the economics profession remains blind to the benefits of Brexit

Why the economics profession remains blind to the benefits of Brexit

The office for National Statistics last week estimated that the UK economy grew at an annual rate of 2.4 per cent in the final quarter of last year. This is slightly above the long-term average growth of the past three decades. But a Financial Times survey this

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The NHS will never have enough cash: the English religion needs reformation

The NHS will never have enough cash: the English religion needs reformation

We British like traditions. A well-established one which comes round every year is the “winter crisis” in the NHS. Health provision is a political hot potato not just for this government, or indeed for any particular UK government, but for governments across the developed world. One of

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Farewell to the game theory master who helped prevent a nuclear apocalypse

Farewell to the game theory master who helped prevent a nuclear apocalypse

Last year was a year of celebrity deaths. But perhaps the most significant of all received very little coverage. Just before Christmas, Thomas Schelling, Nobel Laureate in economics, died aged 95. In the early, tense years of the Cold War between America and the Soviet Union in

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