Author Archives: johnredwood

Inequality of power versus inequality of income

The left’s analysis that says inequality is the key to understanding Brexit, Trump and much else needs to make a distinction between inequalities of power and inequalities of income. Many populist voters in the USA and Europe have cast their votes against concentrations of unaccountable or dogmatic political power in the elites that control their […]

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Visit to TIM Befriending service in Burghfield

I visited the Tim fourth anniversary celebration today in Burghfield. Since its foundation it has recruited many volunteers to provide friendship, help and support to those in the community who need it. It now covers Mortimer, Wokefield, Sulhamstead and Ufton Nervet as well as Burghfield where it started. I congratulated Bev French and her team, […]

Posted in Wokingham and West Berkshire Issues | Leave a comment

Understanding the Trump phenomenon

Listening to the “liberal left” trying to explain the Trump phenomenon is a frustrating experience. Of course I agree with them that all elected politicians should condemn any efforts to whip up racial hatred. What interests me is they say that the big Trump vote was only possible because of the large inequalities they see […]

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Well done to Wokingham A level students

Wokingham Borough schools report a 99.1% pass rate this year at A level, above the national average. Well done to all involved. I hope it means many of you can go on the courses and futures you have planned. I also congratulate all in West Berkshire that have done well in the exams.

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The value of A levels

Some time ago after giving a talk I was asked by a student at one of our top universities if I thought the A levels I had were of the same value and difficulty as the ones he had most recently obtained. I was both pleased to have a question out of the ordinary, and […]

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Real incomes rise just a little to June 2017

The ONS presented a healthy picture of employment growth in the year to June 2017. There are 338,000 extra jobs in our economy. Unemployment has fallen by 157,000 on the year. Many of the new jobs are full time jobs. It also showed a small rise in average weekly pay, though it reported the figure […]

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Unemployment falls in the UK. Wokingham’s rate is just 0.7%, well below the average.

It was good to see strong job generation again in the latest UK official job figures, with further substantial falls in unemployment. In Wokingham the unemployment rate remained low, with the constituency in the top 25 for a low rate nationwide out of 650. We are now at record levels of employment, with good progress […]

Posted in Wokingham and West Berkshire Issues | 1 Comment

Fare rises and Network Rail’s derivative losses

Yesterday the RPI for July told us that rail fares will go up by 3.6% next year. As I reported yesterday on this site, costs have been mounting at the nationalised Network Rail which supplies the expensive track, stations and train slots. The railways will want this substantial fare rise, which always bears heaviest on […]

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Inflation stays stable at 2.6% on the CPI

The BBC did its best this morning to talk inflation up, inviting on interviewees prepared to say inflation would rise owing to a weaker pound. They were wrong. Inflation stayed stable, with food prices dipping a little. The rise was sustained by Council taxes and associated housing costs and utility bills contributing. These are largely […]

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The poor performance of Network Rail

Network Rail had a disappointing last year. Their accounts for 2016-17, published in July reveal that they were £172 m net or £424m gross below target financially. Their operating costs rose by £124 m or 4.6%, well ahead of wage inflation. Total debt was up by £4.7bn, and debt costs were £370m more in the […]

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  • About John Redwood

    John Redwood won a free place at Kent College, Canterbury, He graduated from Magdalen College Oxford, has a DPhil and is a fellow of All Souls College. A businessman by background, he has been a director of NM Rothschild merchant bank and chairman of a quoted industrial PLC.

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