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Chancellor of the Exchequer

Economics

Qualifications to be a minister

15th December 2025 well_chuffed 0

With the dreadful Rachel from Complaints presenting as the most incompetent Chancellor, probably since records began there come the usual cries of why not get somebody qualified to do the job. In such cases I [more…]

Economics

Rachel Reeves. Avoid

29th November 2025 Always Worth Saying 0

“I wasn’t born into this,” wailed Rachel Reeves, as she alternated between blaming misogyny and everyone else for the expectation-management debacle leading up to last Wednesday’s budget. Reeves even held an unprecedented press conference, pointing [more…]

Animals

Larry’s Diary, Week Two Hundred And Ninety-Two

17th August 2025 Always Worth Saying 0

Monday Good morning, my good friends, and it… guess what, it’s drizzling here in London, I could have predicted that with a Test match to be won. I saw that Angel Eagle doing the rounds [more…]

Economics

Economic Illiteracy and Dogma: this Budget encapsulates it perfectly

11th March 2024 Emile Woolf 0

As usual, the meaningless minutiae of tax-fiddling in last week’s budget stole the headlines and obscured what’s really going on. It would help if the linguistics were clearer: a tax “cut” should simply refer to [more…]

Economics

The Chancellor’s “Autumn Mis-Statement” – An Exercise in Fiscal Subterfuge

4th December 2023 Emile Woolf 0

The deeply embedded disconnect between hype and reality looms larger than ever in government thinking. A little over a year ago Liz Truss attempted a dose of supply-side reforms to address the country’s desperate need [more…]

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Elsewhere on GP

  • Inflation on the rise – The blame game

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    After months of outright denials and fiery persistence that inflation is not a problem and never will be, central bankers in the US, the EU and other advanced economies are now being forced to face [more...]
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    Those of us struggling to get a grip on Chancellor Sunak’s latest relief-measures should note the terminology. He seeks to revive the Covid-stricken economy with a series of tax “giveaways”.  When anyone in government talks [more...]
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