It has been fashionable for many years to set up so called independent state financed bodies to carry out functions of government away from direct Ministerial supervision. Thus transport Ministers created a Highways Agency to run the main roads, the E… read more
I met representatives of the company. I urged them to ensure we had sufficient capacity at a time of increasing demands for more power. I also raised with them how they could help with our local roads problems. They need to put in new larger capacity… read more
The Bank of Japan has promised “ample liquidity” whilst the US Fed says “We will use our tools and act as appropriately to support the economy” . read more
The theory is straightforward. Ministers decide on policies they wish to see implemented, or identify problems that need government solutions. Civil. servants advise on the best ways of implementing a policy or solving a problem. Ministers decide betw… read more
I have written many times before about the way the UK economic establishment has been wedded to the EU rule that we must bring state debt down to 60% of GDP. This has been the main constraint and guide on economic policy for the last decade. We need i… read more