Yesterday I looked at targets and controls to ensure prudence. I recommended the existing targets for inflation and debt interest. Today I want to look at an additional target to replace the Maastricht requirements and to provide some balance to the … read more
The UK economy is recovering from the big hit initial lockdown brought. The Chancellor did well with his generous furlough and business schemes which cushioned unemployment and limited bankruptcies. A combination of looser money policy and a large pub… read more
The worldometer shows us the official figures for virus cases, deaths and population numbers. It seems best to compare cases and deaths per million to get some kind of impression on how countries have fared. The UK is 29th on the list of cases per … read more
JANUARY 25, 2008 10 COMMENTS When I was Secretary of State for Wales, the National Coal Board was embarked on a substantial pits closure programme. In each case they reported to the Energy Minister and Secretary of State (DTI) that the particular pi… read more
JANUARY 12, 2018 119 COMMENTS The third of the commanding heights of the 1940s economy to be nationalised alongside steel and rail was the coal industry. It employed 700,000 employees in the later 1940s, producing around 200 million tonnes of coal… read more