I think there's a very real risk the government triggers a debt crisis. Here's the difference with 2020: - The Bank of England is now selling gilts in the billions, not buying them - UK pen… (View Post)

Quantitative tightening announced as well. £80bn over the next 12 months starting in October. (View Post)

In a different fiscal situation, I don't mind the choice of Truss' tax cuts: - NI is a tax on jobs and should never have been increased. Income tax was the way to do that if it needed to be… (View Post)

I suspect Putin quite likes being alive. Using nuclear weapons creates a very serious, unpredictable risk of that not continuing to be the case. The threats to him would be so numerous as to be wholl… (View Post)

Property is too big a tax base to make the preserve of councils. We should abolish council tax, abolish stamp duty and add an annual tax on the property value (rolled forward in a transparent way usi… (View Post)