Treasury rules – or does it?

This is from Ed Conway of Sky concerning the ‘Times’ extract that follows: The Treasury is debating a radical change in its accounting rules, reclassifying billions spent on education and health as “investment”. One upshot: Rishi Sunak could meet his fiscal rules without any tax rises or spending cuts.. So this suggests that Labour’s paroxysms… Read more

Some mistake surely?

The BBC claims, in a recent article, that the number of homeless is in fact nearer to 28,000 than the 4,677 government estimate. Anecdotally at least, I have little doubt that the BBC are right. But the government’s response is what bothers me. The BBC article says: The government said it was providing £500m this… Read more

Work of the insane

Minette Batters, president of the National Farmers’ Union (NFU), speaking on Tuesday stated that fears over chlorinated chicken imports were entirely justified. This was after the Environment Minister, George Eustace (amazingly a former farmer himself as well as former UKIPer) failed to explicitly rule out chlorinated chicken imports over the weekend. She said: This isn’t… Read more

Constitutional defence

There is an interesting piece in the London Review of Books by Ferdinand Mount, Mrs Thatcher’s former policy advisor (and another Old Etonian), on Johnson’s government and, what has become a recurring theme on PP, his fascist tendencies. The article suggests: ‘Hobbes told us long ago, and everyone now understands, that there must be a… Read more

Passports please

These are the new blue passports (I have spared you the full view of the holder – our smirking home secretary). In full-on irony the new passport seems to sum up Brexit. It is in a new colour reminiscent of an older style, though, in fact, the EU has never prescribed passport colour. The new… Read more

What is this government’s purpose?

An interesting ‘Observer’ editorial laments the decline of Keynes’ post-war ‘consensus’ for the future of civilised society as it seemed to be at the time. Conservatives mobilised an argument that generous welfare spending did not just undermine capitalism, but had inflationary, destabilising consequences and hence was a threat to democratic governance. Our government is similarly… Read more