Our current inflation is caused both by post-Covid shortages and a huge expansion in the money supply. Large pay increases would make it worse.
As the man himself famously did not say: “When the facts change, I find new reasons to advocate for stimulus packages.”
Roaring inflation requires learning the lessons of the roaring 1920s.
When it comes to helping working people, a tax cut to hand would be the cancellation of the Health and Social Care Levy.
This can give the Tories a tremendous advantage in a democracy because the public, as a whole, does not have fixed views either.
I would hope it has researched which areas of expenditure have the largest spending multiplier effects.
Could more spending bring the economy back quicker? Wouldn’t it be more cost-effective to ensure public finances are on a sustainable footing?
I was regaled with horror story after story on access to even existing testing. Confidence in the “moonshot” is non-existent.
Precisely what does Johnson think was wrong with the 2010-2018 deficit reduction agenda? Who knows? The Tories don’t have a clear economic story.
It is not so much like a parent or a nanny as a brother. Not Big Brother, to be sure, but Little Brother – to be treated both with sibling rivalry and understated love.
The second in our series of pieces on economic policy after the referendum decision.
It’s the debt-to-GDP ratio that counts when it comes to assessments of national solvency
Britain finds herself between a ‘Keynesian’ America and a ‘Monetarist’ EU – but is doing better than both of them
The art world should be grateful for politicians who don’t take too close an interest in culture
It is a generation since Margaret Thatcher abandoned Neo-Keynesian thinking, set her face firmly against prices and income policies, and made it clear that the key to tackling inflation was curbing the growth in money.