Monthly Archives: July 2013

Cold comfort in the OBR’s forecasts

Media reactions to the OBR’s Fiscal Sustainability Report were ‘gibberish’ says Ben Chu. Yes, he says, we would need spending cuts or tax rises of £19bn after 2018 to get the public debt down to 40 percent of GDP in … Continue reading

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It’s not just Britain – the rest of the world is ageing too

Britain’s ageing population made the headlines earlier this week when the Office for Budget Responsibility published its Fiscal Sustainability Report. The combined effects of increased healthcare needs, pension provision and fewer young taxpayers will, said the OBR, bring about an … Continue reading

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Child-catching won’t solve our demographic challenge

Britain needs more babies, said Charles Moore, after reading Stephen D. King’s When The Money Runs Out. By failing to reproduce themselves in adequate numbers, the baby boomers have laid enormous burdens on those few children whom they have produced. … Continue reading

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Bank bailouts – How does the UK compare?

Here’s an interesting table I came across the other day while I was looking for something else. Buried in the IMF’s recent report Fiscal Adjustment in an Uncertain World is a comparison of the size and impact of bank bailouts in … Continue reading

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Fiddling while the NHS burns

This time last year, the Institute for Fiscal Studies warned that the NHS would need an extra £20bn a year by 2020. A year later and NHS England is warning that the service will need an extra £30bn a year … Continue reading

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Should zero hours contracts be banned?

After I posted my ditty last week (composed while on the cross-trainer thingy in the gym), Stephen Tovey pointed out that zero hours contracts can work well for both employer and employee. He’s right, of course. I’ll let you into … Continue reading

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Shares for Rights? Sorry, George, we’re all washing our hair!

When I was a lad, back in the last century, I once found myself at a party where hardly anyone turned up. I don’t know if it was because the bloke who organised it had over-estimated his charismatic attraction or … Continue reading

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