Gordon Brown likes to tell us how he kept inflation low and how low inflation leads to low interest rates. Like on everything else, he has his logic the wrong way round. Keeping interest rates low has led to inflation, it doesn’t show up in the figures because they exclude housing from their calculations.
You don’t [...]

govt debt · govt spending · inflation · labour

There is much talk by Labour about how they saved the economy from falling off a cliff. I have no doubt that if they hadn’t acted in the way they did then we would have suffered a much deeper recession.
However, the question that needs answering is whether it is right to steal from the poor [...]

credit crunch · debt · govt debt

A friend recently asked me for advice on what to invest in during these volatile times. She didn’t want to risk her money but she wanted to make a return. I explained that all investments have a risk / reward ratio and that if she wasn’t willing to take any risk then she should put [...]

credit crunch · gilts · govt debt