1. The Labour party is finished with Corbyn. And if it’s sensible, with Corbynism. There is going to be an almighty battle for the soul of that party in the aftermath of the election. If the party decides that it wants to go with a Corbynite successor, then it will probably be smashed at the ballot Read More
“Isn’t it infuriating that yesterday all of Labour was tweeting furiously that the New Statesman refused to endorse Corbyn, and today they’re tweeting about how sad the Jewish Labour Movement dossier is?” — Anon. Say what you will about the Conservative party but it does at least have the following advantage for those attempting Read More
If you spend enough time in policy circles, you will eventually run into the concept of the impossible trinity. A country can have full control of its interest and exchange rates, at the cost of imposing controls on the movement of capital. If it decides it would like to remove these controls, then it must Read More
“for there is an upstart Crow, beautified with our feathers, that with his Tygers hart wrapt in a Players hyde, supposes he is as well able to bombast out a blanke verse as the best of you…” Robert Greene,Greene’s Groats-Worth of Wit, 1592 William Shakespeare has been dead for 400 years and more, and still Read More
Theresa May’s speech railing against Parliament brings us to the brink of a no-deal Brexit.
The Withdrawal Agreement has foundered, and beneath the froth and fury of Parliamentarians blaming the prime minister, the opposition, the European Research Group, the European Union, and indeed each other for the deal’s undoing, the rocks of the Irish backstop await the next unfortunate attempting to pass. The prevailing consensus is that there can be Read More
With four months remaining until the UK leaves the EU, Theresa May is caught between the devil and the deep grey Irish sea. The November meeting of EU heads of state, originally pencilled in as the date when Brexit negotiations would be signed off on, could now become an emergency response to a potential no-deal Read More
One of the best known laws of economics is that bad money drives out good. If a country debases its coinage, mixing the gold and silver in new coins with lower value metals, people will hold onto the older and more valuable coins and spend the new ones. The bad money flushes the ‘good’ money Read More