Follow the money

There is one simple rule that most economists agree on: prosperity = productivity The Chancellor understands this – productivity was mentioned 10 times in his recent Spring Budget speech. He said: Simply put, higher productivity means higher pay. and went on to say that Britain’s problem is a productivity problem We are 35% behind Germany and… Read more

Calling it “Taxpayers’ money” creates bureaucracy

Everyone speaks of money as if the taxpayer created it and passed it across to the government, if not with outright hostility then certainly with great circumspection. But since the financial crisis we know that we spend first and tax later. Where otherwise, did that almost half a trillion of ‘Quantitative Easing’ come from? Was… Read more

The right to work: undermined by technological advancements?

“I read the news today oh boy, about a lucky man who made the grade…” which recently tends to be a dot.com entrepreneur who has made billions from a tech start-up employing a handful of people. These success stories are usually accompanied by reports of a company downsizing, rationalizing, restructuring, consolidating, streamlining or one of… Read more