It’s September and the students are going back to Uni. Half a million new graduates will be getting their student loan documents. I have been writing about student loans for a while. Back in 2018 I wrote The Great Student Loans Swindle, followed a month later by Student Loans Swindle 2: Cash from Chaos. Earlier … Read more
British politics is trapped between two comforting fantasies. We have a fiscal problem. We can’t afford the levels of Government spending that we want within the taxes that we pay. Each side of the political divide has an easy answer to the problem. The first belongs to the right. We are told that Britain’s fiscal … Read more
What happened in the budget? Last week Rachel Reeves delivered the Government’s latest budget. It arrived amid a fog of leaks — some accidental, others clearly not — and a week of breathless speculation about market panic. In reality, there was a modest increase in the interest rate the Government pays on its borrowing. But … Read more