In reality central bankers understand very well the shortcomings of early vintage national account data and don't put a huge amount of weight on it in forming their judgements (the BOE actually … (View Post)

Yes absolutely. I'm talking about the mistakes (in my view) the BOE has made on policy. The ONS GDP revision is I would argue not such a massive deal for the BOE because what matters for them in… (View Post)

I would say that May's stock rises with every day that has passed under her three successors. (View Post)

Labour started rebuilding schools and the first thing the Tories did when they got in was cancel the school rebuilding programme. (View Post)

If Gove hadn't scrapped the school rebuilding programme in 2010 some of the crumbling buildings would probably already have been replaced. Once again the Tories preside over a degenerating publi… (View Post)