Incisive and topical campaigns and commentary on today’s issues and tomorrow’s problems
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Is President Biden going wobbly on Ukraine?
There are suggestions that Presidents Biden and Macron would like to see a negotiated settlement with Russia over Ukraine. German Chancellor Scholz has been on a visit to China, Russia’s most important ally. I would be interested in your thoughts on how the Ukraine war might end and how it...Read More »
The UK economy has been let down by the Bank of England, not by Brexit
Mr Carney blames Brexit for the current high inflation. This is the same Mr Carney that predicted on Brexit house prices would fall when they rose, that unemployment would rise but it fell, and GDP would decline when it went up. Funny he now just blames it for inflation when...Read More »
Why make the downturn worse?
I accept the apparent Bank of England view that longer dated interest rates around 4% are quite high enough. I urge them to stop selling bonds at big losses, as this implies they want these longer rates higher and bond prices even lower, which is wrong.
I think Base rate should...Read More »
The Bank is responsible for the inflation mess
According to the government and all the political parties the Bank is independent and responsible for keeping inflation to 2%. Inflation is currently at 10%.
The constitution of course makes the Governor of the Bank report to both the Chancellor and to Parliament. Chancellors have private review meetings with the Bank...Read More »
Letter to the Environment Agency about water
Dear Julia
I was disappointed to read your latest fatalistic email asking me to tell the public how bad things are with possibilities of both droughts and floods. The immediate necessity is for you and the water companies to replenish the reservoirs quickly now there is plenty of rain and...Read More »