Reality on Immigration

And what surpised me above all was that this reality was publicised by  – a fashion brand… We could compare and contrast with our ex Home Secretary, now our Prime Minister, responsible for these advertising hoardings:   If fashion is so broadminded and the Prime Minister really does believe in some actual benefit in immigration,… Read more

Strepsils and hope

Nicola Sturgeon has, as we see, come prepared. Perhaps her audience should,themselves, be prepared in other ways. As Nicola refuses to hold an independence referendum before the Brexit negotiations are more ‘fully resolved’, she may be doing us English & Welsh and Northern Irish a favour. If Scotland, having seen the disaster that will be the… Read more

GFC 2008: cock-up not conspiracy

A new study by the US National Bureau of Economic Research has found that the reason for the high default in mortgages prior to the 2008 financial crisis was not, after all because of loans to sub-prime lenders. It builds on the conclusions of the Massachusetts Institute of Technology who have long maintained that sub-prime… Read more

Anyone for “unfunded borrowing”?

In yesterday’s speech the Prime Minister refers to “unfunded borrowing”. It’s here  (To spare you having to endure the full half hour it is mentioned at about 23.58 in.) It’s not a stumble, it is clearly spoken, yet it is prima facie nonsense. Borrowing isn’t going to get to be borrowing if it is unfunded…. Read more