Incisive and topical campaigns and commentary on today’s issues and tomorrow’s problems
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A guide to what has gone wrong in the bond market.
The UK government needs to borrow a lot of money to cover what it spends in excess of what it gets from taxes. It pays different interest rates on its borrowing depending on how long it wants to borrow for. Money borrowed for a few months is borrowed at around...Read More »
My article on inflation and growth in the Independent
So the Bank of England has done it again. Just like last autumn, they have let it be known they might want to sell more bonds at big losses, whilst they plough on with a large sales and repayment programme for government bonds they own. Last autumn it was...Read More »
More potholes and worse potholes
This weekend when I did one of my regular visits around the constituency I found trying to steer round the bigger potholes was getting more difficult than usual. There are too many new holes, and the lack of work to deal with the smaller ones is leading to more large...Read More »
How you could get a green revolution
I say to all those who write to me wanting to make faster progress to net zero two things. This needs to a world wide movement, as the main producers of CO 2 currently are China, the USA and EU, and the main growth comes from China and India. It...Read More »
The UK drive to net zero is too expensive and will not lower world CO2.
I have long been critical of some UK plans to take us on the road to net zero. They entail making it very dear to use energy here so we import high energy using products from abroad. They stop us getting out our own oil and gas so we import...Read More »