The scale of Labour’s election loss in May came as a shock to many of us, myself included. But in retrospect, the polls had warned us that Labour substantially trailed the Conservatives on economic competence for much of the last
As the centre-left business community comes to terms with the scale of Labour’s defeat, it seems that a new vigour and optimism is returning. We know how to create jobs and growth. We’ve done it all our lives. And
Resolving Macro-Prudential Matters Without Taxpayer Subsidy And so the US Federal Reserve brings to an end its $3.7 trillion QE experiment which ostensibly was introduced to kick start the economy, though this programme combined with a zero interest rate policy
The savings and investment industry is a vital one as no government will be able to plug the savings gap crisis or the alarming increase in pension poverty – in Britain, it’s simply not a good place to grow old.
Martin Wolf, the chief economics commentator at the Financial Times, has recently argued that we should “strip banks of their power to create money”. In his column, he refers to proposals in the book I co-authored, Modernising Money (see below). The book explains how the power to create money can be removed from the banks that caused the financial crisis and returned to a democratic, transparent and accountable body working in the public interest.
Parliament places huge scrutiny on how taxpayers’ money is spent. But for the last 170 years, parliament has ignored the question of how money is created in the first place.