It is absurd to suggest that additional North Sea production is going to reduce prices. The production is far too marginal to have any effect on the international market. What it does do is improve o… (View Post)

Growth especially. We urgently need to both reduce consumption and increase investment for future growth. Monetary policy should be focused on assisting fiscal policy in supporting that. (View Post)

I completely agree. The correct response to an external shock like this is to cut interest rates not increase them. And to reduce taxes so that any windfall gained by the government is available to m… (View Post)

This really is just fantasy. The reality is that the UK economy appeared to be built on the profits of financial services for more than a decade after big bang. These profits proved to be illusory af… (View Post)

I agreed with @Brixian59 twice in one day recently. It was …unnerving. (View Post)