The worldwide bond bubble will burst, and Britain is not prepared
He has been desperately trying to persuade us that things could be worse, but the truth is that this week’s news is a bitter blow for George Osborne.
When George Osborne delivered his first budget, Greece made the perfect backdrop.
While Westminster is fixated on public sector cuts, no one has noticed that the cost of living is surging. Ministers ignore the ‘misery index’ at their peril
It isn’t spending cuts
Darling dives into the Labour arsenal of debt and tax concealment tricks
Allister Heath drafts the letter George Osborne should send to his Treasury mandarin as soon as he assumes office
A hung parliament looks increasingly likely, says Allister Heath, but it would be a disaster. The markets are already jittery and sterling has begun what may prove to be a slow slide towards complete collapse
Allister Heath reviews the week in politics
Allister Heath says that the Tory war on bankers is not just pointless, but allows the truly guilty men to go unpunished
If John Maynard Keynes were alive today, he would be appalled at the disastrous state of our public finances.
The Storm, by Vince Cable
Allister Heath on the Chinese economic slowdown
Allister Heath says that Brown’s poll tax on Britain’s 114,000 non-domiciled residents will drive away talent when our economy most needs it. Shame the Tories would do the same
Allister Heath forecasts that Britain’s economy will suffer less than America’s, but that homeowners and consumers will still feel the pain — and blame it on Gordon Brown
The world economy can now cope with $100 a barrel oil
For a man who has been Chancellor of the Exchequer for just over four months, Alistair Darling has certainly made…
Gordon Brown can’t stop himself from meddling, even with his own good ideas. Soon after he moved into No 11…
First we heard about ‘sub-prime mortgages’; then it was ‘collateralised debt obligations’; now it’s the turn of ‘moral hazard’ to appear on the Ten O’Clock News.
If only Alan Greenspan had read John Locke more attentively. The 17th-century philosopher, who doubled as a brilliant economist, was among the earliest exponents of the law of unintended consequences.
It’s wrong to punish private equity
When I first moved to Britain in 1995, after a misspent youth in France, there were few Gallic accents to be heard outside the tourist hotspots.
Gordon Brown’s 11th and final Budget was a masterpiece of spin and obfuscation
America’s Goldilocks economy
Mugged by inflation — again