Industrial policy is back, but watch out for the bad ideas that come with it
The wrong kind of industrial policy – one that acts against economic diversity – undermines democracy as well as prosperity.
The wrong kind of industrial policy – one that acts against economic diversity – undermines democracy as well as prosperity.
Just as the early steam engines made the transition from very basic tasks like pumping water out of mines… computers are about to breakthrough into new applications
A comprehensive speech on food banks, food, poverty, church work, demand, benefits & self and community help in full.
Pensions transmit the economic under-performance of the past to the wage packets of the present.
How do we get manufacturing back again? Not through protectionism, but by being the best – and that starts with world-class vocational training.
Ironically, it is Michael Gove who is condemned as the ideologue. He is in fact the most anti-ideological of Education Secretaries.
The extent to which EU requirements and directives are now actively damaging our economy and frustrating our ability to put things right is noteworthy.
There are lessons in the recovery for both Left and Right.
Using loose monetary policy to revive a moribund economy is a bit like getting your guests drunk at a party – no one joins in unless other people are joining in
While it took the Tories ten years and four leaders to recover, Labour have done it in half a parliament and with the wrong brother.
If the economy no longer provides ordinary working people with the hope of improved living standards, then the mainstream majority will look to the state instead
If dropping demand really had been the main driver of such a serious disruption of growth, then Japanese-style deflation should have been a problem too.
Money can always be created at a faster pace than real estate
Smaller and specialist providers should be funded upfront
To the extent that people are moving at all, it tends to be away from higher wage areas – the reverse of the historical pattern