Industrial Strategy White Paper

Overview The “Industrial Strategy” mixes strategy with tactics, with the latter overwhelming any sense of strategy. There should have been two documents: A strategy document: max 10 pages which would have identified What’s wrong (there must be something wrong otherwise why bother with an Industrial Strategy after 50-odd years) why is it wrong – from… Read more

The Mauritania option, Prime Minister?

Have rather belatedly, stumbled on an interesting article in ‘Medium’ here. It transpires that Richard Tice, co founder with Arron Banks of Leave EU has apparently said that “WTO rules are what most great countries trade under”. He must know – he’s a property developer. James Hardy, the writer of the Medium article, decided to… Read more

‘Non-recourse’ loans

Following comments on modern banking, I’ve discovered an idea with which I was previously unfamiliar ‘Non-recourse loans’. A minority of US states have non-recourse loans, including California and Washington State, so nobody can suggest they are incompatible with Common Law systems or are unworkable or punitive for lenders. A non-recourse loan is where, if you… Read more

Châtauroux Free Buses

A short and explicit addition to the transports of delight seems appropriate. In the Val de Loire region of France where bus travel is free for all in Châtauroux – this is the transport usage graph which proves that travel will increase but it seems unlikely (confirmed in the French Vox Pop) that that this will… Read more

Universal Basic Services – the soup kitchen and others

After free information and free transport, which I considered here the remaining two recommendations of the recent report on Universal Basic Services are free Food and Shelter. At a time of record low interest rates the report’s proposal to issue bonds to finance lots more social housing is uncontroversial. Thereafter there are some very big… Read more

Rail Delivery Commitments

An organisation called the Rail Delivery Group suggested today (according to the Today Programme ) that there has never been more rail investment – with £50billion over the next 18 months. They have taken on four commitments: “Strengthening rail’s contribution to the economy” (- whatever that means?) “Improving customer satisfaction” “Boosting local communities” (- whatever… Read more