Russian military bloggers are starting to say it out loud: There’s no air defences left, and no tanks left. They’re now sitting ducks for Ukranian drones and missiles. https://x.com/jayinkyiv/status/… (View Post)

Which might be fine if there wasn’t £2.9trn, 94% of GDP, of public sector net debt that needs servicing. As @DavidL pointed out yesterday, 1pp on gilt rates costs £30bn per year over time. The soluti… (View Post)

George Bernard Shaw: 'A government that robs Peter to pay Paul can always depend on the support of Paul.' (View Post)

Dubai is definitely looking forward to that, will help the sandpit’s recovery no end. (View Post)

I should have added significant deregulation as another option. Government getting out of the way and letting people build things. (View Post)