She needs the larger majority that a poll would deliver if she is to achieve her programme at a time of pre-Brexit turbulence.
It is tempting to wish him gone. But, like everything else post-June, the future of the Bank should be subject first and foremost to the requirements of Brexit.
The Prime Minister and Hammond must choose between risks.
Overall, my advice is not to seek to reduce interest rates yet further which could have contrarian effects.
We should never forget Herbert Stein’s Law – “if something cannot go on forever, it will stop”.
Before ceding further control to the “technocracy”, we ought to examine its track record – especially in regard to economic matters.
Unlike much of Europe, Britain has, thus far, dodged the deflationary bullet. But there’s no room for complacency.
The big economic story of our times is one of a cascade of economic and social distortions that have pushed up property prices, damaged productivity… and enriched those who haven’t earned it
We need a system that will protect savers and the taxpayer without undermining the free markets on which Britain’s prosperity depends.
The free market right could and should be leading the charge against the subversion of the capitalist system.
“It’s not my money, it’s your money, this is the money of people who have worked hard and saved hard.”
Scott Sumner, who delivered the annual Adam Smith Lecture this week, believes that central banks should move on from inflation targeting and on to total spending.
We are determined not to repeat the mistakes of the past; of allowing bubbles to build up and burst, putting the stability of the economy at risk.
Ultra low interest rates aren’t just bad for savers
The engaging, diminutive economist economist died ten years ago today. We still enjoy the fruits of his genius.