Economy

We are now reaping the consequences of decisions made half a century ago

Our predicament is not dissimilar to that of a cancer patient... There is no good alternative.

The common trend in British infrastructure over the last half century has been to trade resilience for profit.

The big risk to the UK economy from April is that we witness a Laffer Effect on steroids…

Actually, not only can a sovereign state go bust, but it has already happened… and to a modern state not so far from home.

While the bursting of the AI bubble will be Silicon Valley’s nemesis, in the UK it is in more mundane sectors that we are witnessing a crisis far more profound

Fortunately, the promises of AI are about as realistic as programable central bank digital currencies… and for much the same reason

At least “drill-baby-drill” demonstrates some understanding that energy is, and always was, the driver of economic growth.

More cerebral commentators at least acknowledge that the British disease goes back much further than October’s budget or even the election of Boris Johnson.

In the early-2010s there was a perverse repeat of the oil boom of the post-war years.