Incisive and topical campaigns and commentary on today’s issues and tomorrow’s problems
http://johnredwoodsdiary.com/
Carbon capture and storage
The government is pressing ahead with carbon capture and storage projects. When I asked on Thursday who was paying I think the answer was taxpayers, though the Minister delphically said they will “socialise” the costs.
Normally when a business makes an investment customers pay for the output from the facility being...Read More »
Money and the Bank
It is strange that the Bank of England has a Monetary Policy Committee yet declines to set targets for money and credit expansion. It does not normally comment on money and credit growth in its Reports, preferring to concentrate on past figures for GDP, inflation, estimated capacity utilisation and unemployment....Read More »
The prime task of Central banks is to support commercial banks
Keeping inflation to 2% is a crucial role of the Bank of England, ECB and Fed. As events in the USA have just shown, it is however less important that avoiding banking collapse. Since Silicon Valley Bank got into trouble the Fed has made a huge change to its money...Read More »
Illegal and legal migration
The government is currently concentrating on illegal migration with its eye catching and contentious promise by the Prime Minister to stop the boats that bring many of the illegal entrants to the UK. The Opposition parties oppose him strongly, demanding more safe routes for migrants and asylum seekers to come,...Read More »
My letter to the Planning Inspectorate
I have written to the Planning Inspectorate urging them to uphold West Berkshire Council’s decision to refuse planning permission to the erection of 32 houses on the land rear of The Hollies, Reading Road, Burghfield Common, West Berkshire RG7 3BH.
...Read More »