Friday , August 7 2020
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Economy

Levelling up a one-legged stool

“Levelling-up” is the latest unrealisable dream to enter the lexicon of the establishment media.  The idea – which merges the Covid-19 recession with the anticipated shock of a no-deal Brexit at the end of December – is that to remain in government beyond 2024 Boris Johnson’s Tories will need to …

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A taxing predicament

The UK is on track to record the largest decline in annual GDP for 300 years, with output falling by more than 10 per cent in 2020.  Those are not my words, they are the conclusion of the latest Fiscal sustainability report (FSR) from the UK government’s Office for Budget …

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The coming pensions pandemic

Facemasks are back in the news this morning as the UK government attempts to spin its messaging through 360 degrees.  Back in the early days of the Covid-19 outbreak, you will remember, the government was keen to explain that facemasks made absolutely no difference to anything.  This was puzzling to …

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More shadow than substance

In an age when the main function of politicians seems to be no more than making noises to fill the 24 hour news cycle, we should not be surprised by the mediocre hodgepodge of microwaved spending commitments Prime Minister Johnson dressed up as a “New Deal” today.  Most of the …

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A welcome Covid-19 casualty

As governments around the world wake up to the economic harm caused by the ill-prepared lockdown of their people, the establishment media are keen to ensure that the costs do not fall on the shoulders of their metropolitan liberal class.  Early on, the BBC’s economics obfuscator Dharshini David attempted to …

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A rude awakening

As various lockdowns come to an end – despite nothing changing about the SARS-CoV-2 virus itself – the establishment media are at pains to promote the mythical “V-shaped recovery.”  Queues of people, they tell us, have descended on English (Scotland, Wales and Northern Ireland are still in lockdown) highstreets: “Pent-up …

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Just the beginning

Even crashing economies unravel slowly.  This is because of a plethora of buffers from small amounts of personal savings at the bottom to central bank and state bailouts at the top.  It is for this reason that I referred to the early weeks of the Covid-19 lockdown as a kind …

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Unlockdowned

And just like that – and for no discernible reason – Britain’s period of enforced social isolation came, sort of, to an end.  Schools in England are open once more.  Public transport services are getting back to normal.  Non-essential workplaces which promise to maintain a two metre distance between employees …

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Two money tricks

In recent days, the establishment media have begun the push to shape the post-pandemic narrative.  The massive influx of state funding to prevent the economy from collapsing entirely will have to be repaid one way or another; and the SW1 crowd are determined to pass the bill on to someone …

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Shall we play the cat and mouse game?

In the cat and mouse game, we take 90 mice and release them into an enclosure.  We then send 100 cats to go catch them.  The inevitable result is that at least ten of the cats return without a mouse.  Indeed, because a few of the cats turn out to …

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