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Category Archives: Economics

The First Sign Of Madness

Thursday 8th July 2010

Re-reading the final section of my previous post, I imagine a reasonable person could make an obvious riposte to my comments on public sector pensions. This person would work in the private sector, he doesn’t have an occupational pension scheme, and the personal private pension he is paying into each month is building a pension [...]

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Tribes

Wednesday 30th June 2010

So, a great result for England on Sunday, no? Another fine victory over our greatest historic tribal foe. Makes one proud to be English, doesn’t it. Sarcasm? Me? Oh no, sorry, you misunderstand. Were you still thinking about the football, and Germany? Oh well, I’ve already moved on; to cricket, and yet another one-day international [...]

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Run Letter

Monday 15th February 2010

By now you’ll know that twenty esteemed economists wrote a letter to the Sunday Times yesterday, calling on the government to start the tricky business of cutting the budget deficit earlier than some have advocated. You may be wondering why they didn’t instead write to the Chancellor-of-the-exchequer, since News International’s power over the government’s budget [...]

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The Bankers’ Arms

Thursday 10th December 2009

Yesterday’s Newsnight was predictably devoted to the Pre-Budget Report – or Autumn Statement, as I sometimes inaccurately refer to it – wherein Paul Mason reported that he had spoken to some bankers in the City of London and they were livid about the announced plan to tax any discretionary bonus of theirs worth over £25,000 [...]

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Not In My Name

Monday 6th July 2009

In these tough economic times, of plummeting GDP and ballooning public debt, it is only right that all organisations, in both the public and private sector, look to cut costs wherever possible. Actually identifying such elusive efficiency savings is a notoriously tricky business; but if there is one place that can easily trim some unnecessary [...]

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