By rights, it should have been. The Tories are in a total mess over the economy. I have to admit, I held my peace on Sunday over this idea about having the Bank of England step in when banks get in trouble. It sounded pretty much identical to what the government is doing now, only… Continue reading Was Monday the beginning of the end of the Cameron bubble?
Tag: tax
Osborne calls for more centralisation
That is the effect of calling, similar to Alex Salmond, for a two year council tax freeze. Ploughing national revenue into local government may sound attractive in the short term, but in the longer term it means even less fiscal autonomy. Given this will be happening during a higher than average period of inflation, we’re… Continue reading Osborne calls for more centralisation
Crunches, Guido and Seigniorage
One of the more entertaining aspects of the current global financial meltdown is watching Guido Fawkes, aka hedge funder Paul Staines, transform from arch-cynic about all things political to dewy-eyed innocent about all things financial. It isn’t that I’m a capitalist-hating trot who fervantly believes that this current crisis is going to lead to world… Continue reading Crunches, Guido and Seigniorage