I reproduce below the comments from the Conservative Group on the Council. They are right to highlight deteriorating services alongside waste of money and high charges. Wokingham Borough Council’s Conservative Group has hit out at proposals from the … read more
In the closing years of the Thatcher/Major Conservative governments Ministers accepted dreadful advice from the Bank of England and Treasury. They based UK economic policy on the European Exchange Rate Mechanism. I wrote a pamphlet, made speeches, … read more
The Office of Budget responsibility is a recent invention. George Osborne wanted a body that was said to be independent that could assess government economic policy and set out in forecasts what the results were likely to be. To do this he transferre… read more
The Bank of England has been up to its old tricks, hiking rates and selling bonds to hike mortgage rates some more. They think taking money away from mortgage holders will squeeze their ability to spend which will cut inflation by reducing demand. Wil… read more
We already have digital money. You and I have money held in a commercial bank which is just an electronic line in their accounts. We can use it to buy something, transferring our digital money to someone else’s digital account electronically. We have … read more