With a smaller majority also a much higher proportion of MPs have ministerial jobs. The backbenchers are less dominant in the parliamentary party. (View Post)

Britain's savings rate is the highest it’s been for decades. Household and corporate debt are historically very low. And our economy is sclerotic. The two are not unconnected. Yes, we are saving too … (View Post)

Three points here. 1. You make my point for me on government debt. See also Japan (our ghost of Christmas yet to come in so many ways). The less companies and consumers spend, the more government spe… (View Post)

We really are a whingey nation. Other countries are angry, or miserable, or chippy. We’re whingey. To mis-coin one of the great phrases about economic recovery: We have nothing to whinge about but wh… (View Post)

Because when push comes to shove none of them actually give a damn about the apocalyptic shadow hanging over the planet that could mean our children and grandchildren living in something close to hel… (View Post)