Housing is not a market

I used to think that the law of supply and demand was the only law that nobody had ever managed to break. I was wrong. Just look at these London housing market statistics. “London’s stock of completed but unsold homes has surged by almost half this year” If the market worked the way many think… Read more

Sweet failure

According to the FT the amount raised so far by the sugar tax is ‘rather disappointing’. That is understandable. Because, to do the job properly, what the tax should have been targeted at is not sugar, but sweetness. Soft drink manufacturers have been congratulating themselves on how they have managed to reduce their sugar content… Read more

From ‘Moneta Positiva’ towards Electronic Parallel Money and an Italian budget solution

It is interesting that Italy has its own Moneta Positiva where debt free money seems to be the call to arms. I generally consider that money is always debt, since all money is a ‘promise to pay the bearer on demand the sum of’, which indicates an obligation – and therefore indebtedness. They are clearly… Read more

The most powerful couple in British politics – who you’ve never heard of

I’m usually in favour of cock-up rather than conspiracy but I’ve discovered that there is a power couple in British politics of whom few of us have heard. They have never been elected, but they are all too highly effective lobbyists. Matthew Elliott is fairly well-known as the founder of the TaxPayers’ Alliance and the… Read more

Last chance saloon

All the recent resignations from the cabinet seem to imply there is scope for new negotiations on the UK’s break from the EU, but as the FT says, “EU leaders have shunned the idea of reopening talks” and who, frankly can blame them? They also point out that “The prospect of the EU27 agreeing to… Read more