Sticking to Neoliberaslism

I see Simon Wren Lewis is puttting his oar in in support of James Meadway – in the sense that he is supporting his Fiscal Credibility Rule (FCR). This same article is also, by the way, published in the New Statesman. Since Simon Wren Lewis (together with Jonathan Portes – both former Treasury Civil Servants)… Read more

The Brexit breaker?

I’ve long considered that the weak point in so called Modern Monetary Theory (MMT) is how exports and imports are considered. Of course, in the UK, we must realise that as a deficit (as in trade deficit) nation we need foreign investment. While Chris Williamson MP has a tendency to speak truth unto power and… Read more

At least one Tory gets why the WTO and zero tariff conditions would be disastrous

At least one Tory leadership candidate understands No Deal would be a disaster for all our futures… Good on you @RoryStewartUK pic.twitter.com/QQpEBHnysn — Our Future, Our Choice (@OFOCBrexit) May 30, 2019 What he doesn’t mention in that under WTO rules, having instituted zero tariffs, even if food might, initially, be cheaper to import it is… Read more

Either Britain’s word is its bond or impoverished chaos beckons…

I see that the Professor of Economic History at All Souls College, Oxford, Kevin O’Rourke, has pointed out that under the extension agreement published by the EU under “LEGAL ACTS: EUROPEAN COUNCIL DECISION taken in agreement with the United Kingdom extending the period under Article 50(3)TEU” In item (12) This extension excludes any re–opening of… Read more

Labour dissonance

An interesting Labour leaflet arrived on my doormat yesterday announcing that “Labour (MEP) candidates in the South West believe in giving people a say….. there must be another public vote …” At last: But closer inspection (bottom right – click to enlarge) of the leaflet shows it is in fact, being promoted by USDAW in… Read more