You pity the neighbours. House prices are going to be under enough pressure already. (View Post)

America’s transformation into a world power coincided with an extended period of at best second rate presidents (Lincoln aside). The structural problems the USA has now go far deeper than the preside… (View Post)

It is highly unusual for a Prime Minister to miss so many Cobra meetings. And simply opening a newspaper would have alerted the Prime Minister to the nature of the danger. A Prime Minister who took h… (View Post)

I’m not having that. The government started far off the pace of its comparator countries. It has had to scramble to catch up. It has scrambled quite well, though the chicanery with which it has fiddl… (View Post)

The government’s problem in a single post. It needs a lot more money coming in and to make a lot of cuts. Few will be enthused by either. (View Post)