I’m proud of my pension reforms: They will make saving worthwhile again June 8, 2014 IT IS not often that pensions take centre stage in UK politics, but I’m proud that last week was one of those rare occasions. And for good reason. What will become the new Pensions Bill will give us the opportunity to help firms provide a wider range of workplace pensions for their staff – a [...]
Letters to the Editor – 09/06 – ECB easing, D-Day, Best of Twitter June 8, 2014 ECB easing [Re: ECB easing must damage growth, Friday] If central banks are to have any responsibility, it is for the nominal side of the economy, that which they can affect. Since the crisis, nominal GDP (NGDP) growth has remained stunted in the euro area. The tragedy is that the measures announced by the ECB [...]
Letters to the Editor – 06/06 – Penning in the poor, Home working, Best of Twitter June 5, 2014 Penning in the poor [Re: Why Britain’s housing crisis risks turning into catastrophe, Wednesday] An excellent, angry piece by Paul Cheshire. Alongside the problem he identifies of Britain building houses where they’re needed least, our new homes are also among the smallest in Europe. All these land use restrictions have the effect of penning poor [...]
Our leaders have forgotten the spirit of D-Day – and why it saved the world June 5, 2014 “OUR landings have failed and I have withdrawn the troops. My decision to attack at this time and place was based on the best information available. The troops, the air and the Navy did all that bravery could do. If any blame or fault attaches to the attempt it is mine alone.”– letter by US [...]
Leadership lessons from the ancients: How to succeed like Cyrus the Great June 5, 2014 IT WAS a great invasion in the cause of liberty. Not 70 years ago, but two and a half millennia, when on 7 October 540 BC the army of Cyrus the Great entered Babylon by water. Beforehand, he misdirected the blockaded city by digging a ditch encircling its walls, as if settling his army in [...]
ECB easing must damage growth eventually: Let’s hope we’re not there yet June 5, 2014 THE EUROPEAN Central Bank (ECB) has cut its main interest rate to 0.15 per cent, and imposed an interest rate charge of 0.1 per cent upon banks leaving money in the ECB (as opposed to the traditional practice whereby central banks pay interest on such reserves). ECB governor Mario Draghi has also indicated a willingness [...]
Letters to the Editor – 05/06 – Total recall, Best of Twitter June 4, 2014 Total recall [Re: It is high time voters were given the right to recall their MPs, yesterday] I’ve always felt that the right to recall is a hammer to crack a walnut, and distracts from better reforms that should be implemented. There are really only a handful of MPs who might have been subject to [...]
This is no zombie government – but the Queen’s Speech lacked bold vision June 4, 2014 NOTHING baffles me more than the complaint that government isn’t doing enough. The accusation that coalition ministers have become zombies, walking around aimlessly with nothing to do, has energised those who feel that, if government slows down, life as we know it might well collapse. The notion that creativity, social progress and economic growth will [...]
How to be prosperous: We need a revival of the values crucial to capitalism June 4, 2014 COULD the forces that determine individual prosperity also determine national success? I’m increasingly convinced that five influences explain the wealth and wellbeing of people and countries: honesty, vitality, freedom, responsibility, and institutions. Traditionally, prosperity research has focused on long-term growth, looking at the role of physical and human capital, and productivity. Over the past decade, [...]
Recall stitch-up: The coalition doesn’t trust voters to discipline their MPs June 4, 2014 AMID all the speculation over who will win the Newark by-election today, it’s easy to forget the reason half of Westminster is running around the Nottinghamshire constituency: the behaviour of its former MP. Caught in a sting in May 2013, when he then resigned the Conservative whip, Patrick Mercer left Parliament in April 2014. But [...]