Andrew Bailey, the Governor of the Bank of England, gave another of his excruciating speeches on economics yesterday. You only had to read it to know how far adrift from reality he is. Start with this: Monetary policy, in other words, works through the management of aggregate demand in the economy. Simply put, when inflation is too high, we increase […]
On a recent episode of the unmissable podcast The Rest is Politics, hosts Rory Stewart and Alastair Campbell discussed the Truss cabal’s extreme ideology and their obsession with Singapore – the ultimate libertarian ‘paradise’ – as a model to follow. At one point, Stewart asserted that the idea of Singapore-on-Thames becoming a reality was pure […]
“Let me be clear.” It’s the politician’s go-to phrase when they’re in a tight spot and an indicator that a swerve, obfuscation or outright lie is incoming. And there we were again, as our Liz was being clear about her mess of a policy around regional pay. Truss is a serial offender at being “absolutely […]
The misinformation around the rail workers strike makes me feel the need to get out of the shed, let off some steam and put the record straight. The railway in the UK employs around 129,000 staff working for train operating companies (or TOCs), infrastructure and associated services. The RMT – the Rail and Maritime Workers […]
You might remember my articles from last year, when I explained why people don’t want to work as lorry drivers anymore. I came with several reasons why Britain suffers from a driver shortage. Surely now, when we have established that the economy does needs truckers, companies would be doing everything to attract them, right? Surely […]
It is really hard to believe they are serious. A predictable shortage of labour because of Brexit, dismissed in the referendum campaign as ‘project fear’, has suddenly become part of the plan all along. Loyal Tories have apparently swallowed Johnson’s claim that crises in the supply chain show we are moving to a high-skill, high-wage […]
In comments that were crass even by his own low standards, Boris Johnson recently told an interviewer that falling health outcomes didn’t matter because wages were going up. His statement, “never mind life expectancy, never mind cancer outcomes – look at wage growth” has been widely condemned as callous and indifferent to the suffering of […]
Thousands of people who shop in the UK have probably noticed shortages of products in British supermarkets. The supply problems are blamed on the shortage of HGV drivers and the government is taking steps to tackle it: the driving hours have been extended and there is a talk about bringing the army drivers to help […]
Thousands of people who shop in the UK have probably noticed shortages of products in British supermarkets. The supply problems are blamed on the shortage of HGV drivers and the government is taking steps to tackle it: the driving hours have been extended and there is a talk about bringing the army drivers to help […]
There are widespread reports this morning that the Tories are planning at least a one per cent increase in national insurance to fund an increase in spending on the NHS of an equivalent amount. To describe a policy so poorly thought out as ill-conceived is to be overly polite. Let me point out some of […]
Madam, David Love is quite right to call for a pay rise for NHS staff: Why can’t we give nurses a fair pay rise? Letter to the editor BUT it isn’t just NHS staff that are suffering: (almost) all of us are. TUC research shows that about 58 to 61 per cent of national income […]
It was claimed in the Guardian yesterday that Rishi Sunak had written to the prime minister to ask for a relaxation in Covid travel regulations. He had. The populist in No 11 was trying to out-popularise the populist in No 10. You could not make up the scale of Covid recklessness on display when debate should be […]
Shop workers go unnoticed by much of society. They toil away mostly unseen in the background so that the rest of us can get our groceries, ready meals, beers or clothing in well-stocked, pristine-looking stores. They work for some of the big, long-established companies in the UK – Sainsbury’s, Asda, Next, M&S, John Lewis, WH […]
Somerset residents have been warned by Somerset Waste Partnership that continued staff shortages will mean delays and interruptions to rubbish collection services across the county. The contractor, Suez, is struggling to cope with a lack of staff to drive their bin lorries and has called on people to be patient while they attempt to recruit […]
Somerset Green New Deal Economy Forum: Social Justice and a New Economy. Taunton and West Somerset Build Back Better Campaigns (Green New Deal) are committed to a post COVID-19 recovery that embeds social justice and health and wellbeing in all its manifestations – including philosophy, politics and practical actions. The forum will be held on […]
You may have seen the summary of the catastrophic impact of Brexit on the principal exports of foodstuffs to the EU. Not pretty at all and terrible news for our domestic producers. Good news for the EU’s growers, farmers and fishers, though. (Not the uniquely Scots’ whisky, of course, but maybe the cut in supply […]
Haven’t most of us, at some time in our lives, been told to stop using bad language? The government even went so far as to tell its ministers not to use the B word – Brexit – that is. It’s been nearly five years. The Deal is done. We should just make a go of […]
We are very grateful to Richard Murphy for allowing us to reproduce his excellent series of threads on important economic issues. Not everyone is on Twitter, so this enables us to get great content to those beyond our bubble. We have just had another week when the media has obsessed about what they call the […]
We are very grateful to Richard Murphy for allowing us to reproduce his excellent series of threads on important economic issues. Not everyone is on Twitter, so this enables us to get great content to those beyond our bubble. I keep hearing people complain that the ‘mainstream media’ does not understand economics and that we’re […]
“This one year changed my life, my values and my appreciation of those of others”. As an undergraduate studying Spanish and French in 1969, I really didn’t want to spend a year abroad, and it wasn’t compulsory to do so in those days. My arm was twisted by my tutor, and I spent a year […]
Will Poole soon become a ‘freeport’? Yes, if Drew Mellor, Conservative leader of Bournemouth Christchurch Poole (BCP) Council, gets his way. As the Brexit transition period approached in December 2020, Drew Mellor announced plans for a joint bid to government from Bournemouth Airport and the Port of Poole. The bid also includes the Dorset’s local […]
Editor: Proof that George Eustice knew about the ban and has been lying… UPDATE: George Eustice was being deceptive on TV. I have read the Fisheries section of the TCA and undepurated shellfish export isn’t mentioned. This omission means the UK would abide by current EU regulations [for Third Countries] if it isn’t in Exit […]
Saturday 20 February was the 50th day since Boris Johnson’s Trade and Cooperation Agreement (TCA) came into effect. Anyone expecting it to settle all questions, or even most of the details, of how we will do business with the EU from now on will be mightily disappointed. The proverbial expression of something being ‘as full […]
Nobody wants to see a repeat of the distressing Windrush scandal. British citizens of West Indian origin were deported because they had no paperwork to prove their entitlement to stay, the Home Office having destroyed it between 2010 and 2013. Yet, this is what we risk if people with citizenship of any EU or EEA […]
In matters scientific, European nations do far better working together Our civilisation has advanced dramatically in the last few hundred years and we have only to look to the leaps made in science and technology to understand why. Yet how many people realise that a key element of science lies in cooperation between different nations? […]
Fishers feel betrayed. Boats are in dry-dock, fish markets are bereft of trade, and five-generation businesses are facing bankruptcy. No Brexiter politicians are posing with them now. No Brexiter politicians are even listening to them now. Similarly, agri-food businesses, no matter how well prepared they were, are seeing the fruits of their labours spoiled, at […]
I tend to think of Robert Halfon as a decent sort of chap who just got into bad company and so ended up as the Conservative MP for Harlow. He styles himself as representing the working-class Conservative voter and probably has more genuine sympathy with that group than many of his colleagues, who seem suddenly […]
We are reproducing this thread for the benefit of those not on Twitter. Exclusive: DEFRA has been advising shellfish traders than an EU ban on live exports would end in April. However, the EU has told the industry that the ban is *indefinite*, in an email seen by PoliticsHome. Businesses say the post-Brexit ban will […]
Back in 2000, Totnes was absorbed with the romantic phenomenon of a ‘world-beating’ local product: the catamaran Team Philips, the largest yacht ever built, designed to break the record time for sailing around the world. Like many Totnes families, we helped to sponsor it, and our names were among thousands painted on the hull. As […]
No doubt you’ve seen the news that, unlike some of the other car manufacturers, Nissan has decided to stay in the UK. Phew! There must have been a collective sigh of relief in Sunderland that was so loud, it made the wings of the Angel of the North flap 13 miles away in Gateshead. Surely […]