George Osborne's determination to reduce the deficit increasingly seems like a form of extremism, in which the end seems to justify any means.
Category - deficit
October 21, 2015
April 28, 2015
In May 2010 our economy had bounced back from the banking crisis and was growing well.
April 14, 2015
Many dramas are based on a true story. I never thought I’d see a General Election based on fiction.
January 5, 2015
For as long as there has been organised government, there has been satire. From Aristophanes to Steve Bell, power has been mocked: it is a mark of the spirit of freedom.
December 28, 2014
With George Osborne promising to return public spending to the level of the 1930s, it would be useful to remind ourselves what life was like for the average British citizen in that era.
December 4, 2014
Chancellor George Osborne is trying his best to spin his way out of trouble on the failures of austerity economics to deliver sustainable, widespread recovery and reduce debt.
March 20, 2014
George Osborne yesterday presented a budget founded in the determination to believe, if not six, at least two impossible things before breakfast.
August 8, 2013
Last year, I visited the Judean desert and met with people who used a water pipe funded by UK aid money. Before the pipe was fitted, the villagers often had to go ten days without a bath. Now they can bathe every three days. They are also better able to water their vegetables and feed their livestock. The aid money has thus made them more independent, not less.
January 3, 2012
There is an excellent letter in today's Financial Times from James Skinner, a trustee of the New Economics Foundation, referring to the 'conspiracy of silence' surrounding the creation of money by commercial banks.
August 1, 2011