This has also become the definition of Treasury Orthodoxy. We are about to witness a budget statement driven by public opinion (or the fear of it) in preference to economic theory. As a (slightly) tr… (View Post)

'Hong Kong and Shanghai Banking Corporation' sounds dodgy to me. (View Post)

It was certainly cloudier today than yesterday. (View Post)

Almost every conceivable tax rise has been vented in the media by a rudderless Treasury in fear of public opinion. Except, as far as I know, an extension of VAT to books and periodicals. This curious… (View Post)

On topic. Even at a measly 1-8 Labour are a slam-dunk. Polanski's populist radicalism may well attract young Corbynites but will repel in equal measure middle-aged small-c conservatives whose only in… (View Post)