I met with Grant Schapps to discuss short term and longer term ways of cutting road congestion. He is working on schemes to let Councils bid for more funds to improve junctions, provide bypasses and resurface roads. He was interested in my proposals t… read more
The UK 10 year state borrowing rate fell to 0.43% today. Meanwhile the German share index was one of the worst performers, falling another 4.6% as some in the markets pencilled in a German recession. Still no new economic actions from western governm… read more
During my adult life so far I have witnessed three major UK recessions which did great damage to businesses and individuals, all from predictable policy errors. I have also lived through the false forecasts of a large rise in unemployment and fall in … read more
Some people tell me UK state debt is too high and we need to take tougher and more urgent action to bring it down. I disagree. According to the ONS at the end of the last financial year UK state borrowing was £1821bn or 84% of GDP. This is well below … read more
Much of the world is in recession fighting mode. They need to be so, because the advent of the corona virus and the severe responses to it by governments makes recession more likely without action. The virus has hit international travel and tourism ha… read more