Central London. Wouldn’t you like to live there? Well, you can’t. As Eleanor Mills points out in the Sunday Times, “the heart of London is fast becoming the realm of the super-rich”. Ordinary families – …
A headline in the Daily Mail: ‘Fury as BBC pensions bill soars to £2bn‘. Very often, when the Mail claims national “fury”, it is hard to join in. Not in this case. The piece gives …
I pointed out on Twitter last week that the Olympics hadn’t had quite the effect the government was hoping for. Back in April 2012, 15.4 million people were said to be exercising for at least …
Bad news. Really bad news. The government’s desperate efforts to keep house prices from falling are working. Ed Conway, writing in the Times, points out that it is impossible to think of any policy over …
Here’s a good one for you: Ford’s top executive has delivered what the FT calls a “stinging attack” on Japanese economic policies. It turns out that Steve Beigen thinks that the Japanese car market is …
How irritated do renewable energy subsidies make you? If the answer is “very”, I suggest you stop reading now. We have just been in Shetland. There are many amazing things about Britain’s most northerly islands, …
What do governments in fiscal crisis do? They indulge in all sorts of financial repression. In the UK so far this has been limited things such as to keeping real interest rates well below inflation, …
We’ve been complaining about the new student loans system here for a while. We think it is less a loan system than a progressive tax system deisgned to force graduates who do reasonably well to finance …
I saw Andrew Smithers – of strategy firm Smithers & Co – last week. He has long been of the view that the best thing Japan can do to sort its problems out is to …
What’s the difference between real GDP and nominal GDP? Sounds like a trick question doesn’t it? After all, the answer is obvious: real GDP is simply nominal GDP adjusted for inflation. But the thing is …