It's only really difficult for Labour to replace leaders if they are election losers. They kept Corbyn after he'd lost an election but replaced Blair who hadn't. If they want to get ri… (View Post)

It's remarkably simple to those of us who've spent rather too much of our lives with economic models: - you take some rather overly-optimistic forecasts from the previous administration and… (View Post)

It was a bargain at £20 billion, which is what it would cost if it cost the global average per mile for high speed lines. It was marginal at £40-50 billion. It is an unbelievable waste of money at £1… (View Post)

Given that the return on farming assets is 0.5%, i.e. sharply negative in real terms, and you can get 4% in a bank with negligible risk, forcing them to sell their unproductive assets is actually doi… (View Post)

That's exactly right. Being efficient means maximising the output from a given amount of land, labour and capital inputs. It is a constant, tedious, demanding grind and even when you put in the … (View Post)