Only if demand is responsive to price. And in energy, over the short and medium term, it is remarkably price-inelastic. (View Post)

For those gloomy about this country and its government, or just generally because it's January, there's a really uplifting article in the Telegraph about the Hong Kongers who have started t… (View Post)

The English figure is actually about the average UK figure for Prime Ministers over the last 45 years. And since in that time governments have generally gone on to be reelected and England is what ma… (View Post)

I'm afraid you're violating the number one rule of mid-term governments - never believe it's brilliance when flakiness, misunderstanding and incompetence explain it just as well. (View Post)

Blair and Campbell did lie publicly and provocatively - in particular the 24 hous to save the NHS that they put out before the 1997 election, and the "no plans" to introduce tuition fees (t… (View Post)