Monthly Archives: February 2010

Dear Shareholder, It’s going brilliantly. Everyone I asked said I was so good the other day when I spoke for your company on television. I told all our shareholders a bit more about me, which is what they all apparently wanted to hear. I had been so busy increasing the borrowings and spending that I [...]

When I wrote in support of the 20 economists who sent a letter to the Sunday Times urging quicker action to tackle the deficit, the one gnawing worry in my mind was the past foolishness of economists writing letters to papers. This morning more than 60 economists have put my mind at rest. A majority [...]

Mrs Villiers, Shadow Transport Secretary, has declined to give Labour a blank cheque for its proposal to build a high speed rail line from London to Birmingham. Far from being the end of the transport world as we know it, as presented by some, this is welcome news. New high speed rail lines pose two [...]

Today we learn that Councils are refusing to publish the salaries of their senior officers. How can they get away with witholding this important and interesting public information? We the taxpayers pay their salaries. We have just seen how expense bills for MPs can be cut once the details are published and the public allowed [...]

Argentina discovered that the Falkland islanders are British and wish to remain British. Many countries aorund the world have islands close to their shores that are not under their control. Truly democratic countries accept the right of peoples to self determination. If the offshore islanders wish to remain independent, they should be allowed to do [...]

This website is being considered for a list of the top green blogs – results of the Konector review on Thursday!

I am grateful to City AM for reminding us that yesterday Barclays revealed a 55% tumble in its UK banking profits. Meanwhile its liquidity and capital surged to meet new regulatory requirements. It is now 20 times leveraged – the level banks averaged in the 1990s before Labour’s crazy experiment with more borrowing – down [...]

Some things are as easy to forecast as the conventient truth that night follows day. When they were setting up the Euro some of us said if they allowed in countries whose economies had not converged there would stresses and strains. If they let in countries that were borrowing too much and had too much [...]

This morning for anyone up bright and early the BBC broadcast the answer to the climate forecasters who told us to expect an early spring. A daffodil grower from Cornwall told us his crop will be one month late this year. I was relieved to hear it is not just my daffodils taking it easy [...]

So it’s another inflation letter. That’s no suprise for readers of this site. What is so sad about the MPC is their failings are so predictable. They lurch from boom to bust to attempted boom, and the inflation figures career all over the place as you might expect. Today they had to report that during [...]