The end of world dollar hegemony is coming and hardly anyone in government is taking notice or even understands what this means. Since the Bretton Woods Conference in 1944, the dollar has been the only [more…]
Despite much anticipation the economic recovery plan proposed by Britain’s new prime minister, Liz Truss, is missing one key ingredient that will ensure its failure–spending cuts. The new “temporary budget” presented by her Chancellor of [more…]
Several readers expressed surprise that last week’s essay concerned my personal NHS experiences rather than the pressing issues of the day. In such a rapidly changing economic picture no commentary can ever be bang-up-to-date, while [more…]
It’s been a tumultuous couple of months in UK politics. After a troubled time in office, plagued by scandal, internal party frictions and much public embarrassment, Boris Johnson exited the stage leaving behind a big [more…]
Like the Covid pandemic, the war between Ukraine and Russia was not foreseeable. However, despite conventional thinking, the current cost-of-living crisis has causal strands other than the war and the pandemic. These strands lie chiefly [more…]
Warren buffet famously quipped: “When the tide goes out you can see who has been bathing naked!” Now we know! Both candidates for the premiership are senior Conservative Cabinet members and Ministerial office-holders, and naturally [more…]
In a few days the British Conservative Party will select a new prime minister from within its ranks. The new PM will have a short-lived opportunity to select new ministers. But more importantly, due to [more…]
What a spectacle! Two former colleagues, erstwhile members of Boris Johnson’s discredited cabinet, now vying with each other for the top job. Collegial unanimity of purpose has given way to visceral rivalry – gloves off [more…]
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