Without one, spending on older citizens will so far outstrip revenue from workers that future governments will face some unpleasant choices.
Posts Tagged: Bank of England
Economic competence has been the cornerstone of the Conservative appeal. Remove that cornerstone and the entire structure becomes fragile.
“A paramount duty of Government is to ensure Britain’s prosperity”. Hammond’s Mansion House speech – full text
So, there is a choice: either we leave with No Deal… or we preserve our future fiscal space – we cannot do both.
If the arguments against a target of net zero emissions by 2050 now seem familiar, that may be because we have been here before.
This will be our last big chance to send a strong message to the people who are supposed to lead our country.
William Keegan’s memoir describes with ebullient good humour how he covered half a century of bad news.
All I am trying to do is give impetus to a national conversation about how our education system should prepare our young people for the future.
Stephen Booth: Brexit and the economy. There are ups, there are downs. But whatever happens, our fundamentals remain strong.
A flexible labour market, a well-regarded legal system, and comparatively favourable demographics relative to the major European economies are all valuable assets.
Chloe Westley: A message to Remain politicians and their second referendum plot. Vote Leave Two would end your careers.
These politicians have no idea about the wave of contempt that will engulf them, just as they didn’t understand England outside the M25 in 2016.
The Moggcast. Beware “ridiculously inflated” rebellion predictions – the vote on the deal “will be a close result”.
Rees-Mogg discusses Carney’s “improper” rule at the Bank of England. Plus: his surprise at becoming the subject of an Ashcroft biography.
Iain Dale: Why is May making her case to 35 million people won’t vote on her deal? And not to the 650 or so who will?
Plus: Keep the Brexit TV debate simple. Giving Allin-Khan and Duncan a piece of my mind. And: Carney – we’ve heard it all before.
Making London a truly global financial centre again, with all that would imply for Britain’s place in the world, could quickly become more attractive than the apathy of decline, however proudly sovereign.
This type of relationship would reflect the existing pattern of UK-EU trade. It is a compromise that should win support amongst pragmatists.
However, the Shadow Chancellor insists that a shift towards a ‘broader mandate’ would not entail curbing the Bank’s independence.
Lower interest rates and monetary manipulation have been presented as the solution to our economic woes. But increasingly they create them.