The reality of climate change is now firmly embedded in our public discourse. News media are awash with horror stories of fire and flood, and hopeful ones about giant offshore wind turbines, massive solar farms, electric vehicles, and heat pumps. The implication from these is that technology is pushing us in the right direction…
… THE GOVERNMENT DOESN’T NEED TO TAX OR BORROW TO PAY FOR THE NHS, OR FOR ANYTHING ELSE, EVER! (sorry for shouting but some people really haven’t been paying attention and this is very, very important). Once again, this is how it works. When the government spends, it spends new money. This new money is…
If the UK has another general election this year (or next) Jeremy Corbyn’s Labour Party will lose. Again. In their euphoria at outperforming everyone’s expectations in the election just past Mr Corbyn and his merry crew appear to have overlooked the fact that they polled the best part of a million votes fewer than the…
John McDonnell, Labour’s Shadow Chancellor of the Exchequer, wrote an article for the Independent last weekend in which he pointed out the folly and failure of George Osborne’s austerity fetish, and told us about the new economic strategy that the Labour Party is currently devising as an alternative to the Tory government’s slash and burn…
All of the main political parties in the UK agree that government debt is a bad thing. All of them would like to fund 100% of government spending from taxation alone. There are many respectable economists who will tell you that this phobia of government debt is irrational, and I’m inclined to agree with them,…
The UK government has been very successful at promoting the idea that our system of welfare benefits is at the mercy of legions of scroungers who are cheating the taxpayer out of vast sums of money and thereby contributing significantly to the annual deficit. The resulting “benefits rage” provides a very effective smokescreen, helping to…
Views From The Boatshed 