Miliband’s swipe at landlords is no comfort for UK renters April 30, 2014 THE UK’s housing crisis is no secret, and political solutions are offered two a penny. Unfortunately, Ed Miliband’s plan to limit rents is perhaps the one thing that can be relied upon to make the situation worse for Britain’s renters. Like any price ceiling, Labour’s pledge will reduce available supply, as rents are capped below [...]
Letters to the Editor – 01/05 – Tube strikes, Best of Twitter April 30, 2014 Tube strikes [Re: As Tube strikes cause transport chaos, should such union action be restricted?, yesterday] It is time to break the threats of militant union bosses. The GLA Conservatives have long made the case for banning strike action on the Tube. In return, unions should gain the right to independent mediation. Under a process [...]
Why Britain shouldn’t fear a stronger pound April 30, 2014 THE RISING pound is causing some concern. “City squeezed by stronger pound” proclaimed the headline in Monday’s City A.M. – reporting the impact of sterling’s rise on the translation of overseas profits. There have also been worries that a rising pound could stifle the recovery of manufacturing output and exports. So what are the facts? [...]
There’s a screaming silence about the death of individual responsibility April 30, 2014 A VOCAL lobby is busily advocating the need to rebalance the UK economy. But there is a screaming silence around the question of whether we need to rebalance society. What does this mean? It’s the need to raise the level of social capital – the values and ethical worldview that put individual virtue, freedom, responsibility [...]
What Brexit would really mean for financial services April 30, 2014 TWO fallacies are common in the EU debate. One is the “nirvana fallacy”, the idea that, if we leave the EU, we will have optimal policy at home. In financial services, for instance, while many are rightly angry about the European Court of Justice’s rejection of the UK challenge to a EU financial transaction tax [...]
Letters to the Editor – 30/04 – Army reservists, Best of Twitter April 29, 2014 Army reservists [Re: Small firms fear effects of rise in army reservists, Monday] In your article, The Federation of Small Businesses (FSB) calls on the Ministry of Defence to understand business concerns about the rise in army reservists. That is exactly what we are doing. With reservists set to play an expanded role in defence, [...]
Sport economics: Why the next Ashes are England’s to lose April 29, 2014 THERE are two theories for the relationship between sport and the economy. The first is that prosperity drives sporting performance. The evidence to support this generally comes from Olympic medal tables, which show that the largest and most successful economies win more medals. The second is that sport is one of the few routes out [...]
We do need fresh economic thinking – just not more public spending April 29, 2014 THE ANNUAL Institute for New Economic Thinking (INET) conference was held in Toronto earlier this month. Launched in the autumn of 2009, INET was created by George Soros in response to the economic crisis. Mainstream economics certainly bears a heavy responsibility for building an intellectual climate prior to the crash that asserted that the problems [...]
How the Goldilocks recovery will trigger a sharp inflation rise April 29, 2014 THE UK economy is going gangbusters, and has been doing so for about a year. GDP in the first three months of 2014 was up a solid 0.8 per cent on the last three months of 2013, and up a cool 3.1 per cent since the first three months of 2013. Gone now are the [...]
Letters to the Editor – 29/04 – HS2 alternatives, Super-billionaires, Best of Twitter April 28, 2014 HS2 alternatives [Re: Why MPs need to vote against the expensive folly that is HS2, yesterday] There is a “taxpayer free” alternative to HS2. The private sector solution is to build a new freight rail line to increase capacity on passenger lines. By transferring freight trains from the West Coast Mainline to the new line, twice the [...]