“Let us never forget this fundamental truth… there is no such thing as public money; there is only taxpayers’ money.” So said Margaret Thatcher back in 1983. The point she was making at the time …
I interviewed Faisal Islam, Channel 4’s economics editor, last week. Subscribers can read the full interview in the magazine tomorrow. (And if you’re not already a subscriber, you can subscribe to MoneyWeek magazine.) But there …
How do we stop the idiocy of the need for ever rising house prices being hard-wired into the UK economy? I’ve written at length about the concept of a land/location value tax (LVT) here and …
I’ll be writing about Help to Buy and the housing bubble (is it or isn’t it?) again in this week’s Moneyweek (subscribers can read this on Friday – and if you’re not a subscriber, you …
An interesting little titbit in the FT today. The paper reported that the incoming deputy governor of the Bank of England, Sir John Cunliffe, has “dismissed fears” of a new housing bubble in the UK. …
Only last week I wrote a post explaining why I think money saved into ISAs is safer from the government than money saved into pensions. It sounds perfectly sensible, but all it actually does is prove …
The answer to every financial problem these days is usually said to be financial education. How do we stop people getting ripped off by pay day lenders? Education. How do we get people to save …
An interesting titbit in the FT yesterday. We are increasingly trading funds in the same way as shares. The average holding time for a fund in the US is six years. In Europe it is …
I wrote here a few weeks ago that there might be a tiny consolation prize for the well off from Scottish independence. The huge influx of lobbyists and pointless politicians into the new nation’s capital …
The US is pretty open about its fiscal problems. There was no progress whatsoever on the government shutdown over the weekend, and confusion and capriciousness reigns. Dennis Gartman sums it up in his daily letter …