Joe Biden’s first speech to a joint session of Congress, delivered as he approached his 100th day in office, clearly showed that this President aims to be transformational, not transitional. It set out his vision for a US society that allows people to prosper based on their abilities and one where those who do thrive …
Budget 2021: heavy on detail, light on strategy?
It seems churlish to say that this was a Budget packed with detail but no overarching strategic vision or plan. It was, after all, billed as a Budget for a seminal moment in the UK. It was coming at the end of the first global pandemic since 1918, and it was the first one in …
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Why price inflation will remain low even with record debt
UK government debt is running at £400 billion a year or 20% of GDP. Money supply growth is rising by nearly 14% per annum and the ratio of outstanding debt GDP – 85% of the economy just last year – is set to be around 108% of GDP in the 2020/2021 financial year. Surely that’s …
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