Business Rates or bust?

There is, or was: Maplin, Betterware, Kleeneaze, Bargain Booze, Toys’r us, Jones the Bootmakers, Brantano Shoes, Store 21, Jaeger and BHS. Homebase was sold for £1 and Poundworld is also, it now appears, likely to be on the way out. Mothercare and House of Frazer are closing stores and even M&S has announced it is… Read more

The magic multiplier effect

When you plant a tree in the ground, it grows, producing seeds which become the source of new trees. But remember, trees can only grow where there are resources – water, sunlight and nutrients in the soil. We can think about government investment in the same way. In a democracy, government spend happens because society… Read more

Ideas ready for a crisis

On Thursday last the ‘Guardian’s economic correspondent suggested that the left should be ready for a crisis suggesting that ‘The right sees opportunity in a crisis. Why can’t the left?’ This is so very true. The left (in effect Gordon Brown assisted by Alistair Darling) diffused the General Financial Crisis in the UK, and probably… Read more

Has the ‘Guardian’ got it?

This must be the first ‘Guardian’ editorial to quote Prof Stephanie Kelton – and the first one for a long time to suggest that deficit financing is a good idea. Before spending more money on the NHS, British politicians should take the advice of the US economist Stephanie Kelton: in a UK lecture this week,… Read more

Money for nothing is everything

There is an excellent summary in one easy blog on TRUK of Modern Monetary Theory* (MMT), which should more properly be called Modern Monetary Practice or the Modern Monetary System (MMS). As usual, below the article are the comments, many of which are highly critical, usually on the basis that if you are stupid enough… Read more

“The UK’s bargaining power, with A50 untriggered, would have been much greater.”

The title is a quote from a recent Simon Wren Lewis blog on the disastrous Brexit performance of our current, so called government. I’ve always maintained that Theresa May is easily the worst Prime Minister since the Second World War. I’m, in an odd way, reassured that Simon Wren Lewis has written an excoriating article… Read more

Are we the Moneytreeists?

Having recently attended an exhibition on suffragettes I was struck by the fact that the name which we all now recognise was, it transpires, coined by none other than the ‘Daily Mail’ as a derogatory term for the suffragists. That set me thinking on what we could call those who understand money is a social… Read more