Author Archives: johnredwood

Where do we want the boundary to be between the public and private sectors

Labour wants to change the current boundaries between public and private provision of public services. They have to accept that the bulk of public service will continue to be supplied by the private sector, as they acknowledge they cannot buy up all business in the UK to provide everything from the public sector. Bread and […]

Posted in Uncategorized | 91 Comments

The costs of nationalisation

The Shadow Chancellor has come up with new economic doctrine. Apparently if you borrow money to pay for something this means it does not have a cost to you. He accepts that were a Labour government to be elected, it could nationalise say the water industry by offering government bonds to the current shareholders. The […]

Posted in Uncategorized | 136 Comments

Some questions for the long term forecasters

I find it difficult to believe some in the media are taking these latest economic forecasts for 15 years outside the EU seriously. They have all the hallmarks of the approach that the Treasury used to get the short term forecast for the aftermath of a Brexit vote so hopelessly wrong. The first thing to […]

Posted in Uncategorized | 141 Comments

A simple answer to the EU’s proposals on Transition

There is a simple and easy answer to the latest EU paper on Transition – No thanks. The UK should refuse it politely, and say we need to discuss both transition and what we are in transit to at the same time. Ideally we will not need transition. We have 13 months left to sort […]

Posted in Uncategorized | 131 Comments

Does the Euro area still need or want stable national governments?

After several months Germany has put together a precarious coalition between the CDU, CSU and SPD. Like many Eurozone countries the old system of two main parties offering a centre left or a centre right alternative has broken down. Voters now vote for a wide array of different parties, and the politicians stumble to put […]

Posted in Uncategorized | 75 Comments

Visit of Jacob Rees Mogg to Wokingham

Wokingham Conservatives were pleased to have Jacob Rees Mogg as their speaker at a luncheon today in the constituency. 193 people came and heard Jacob set out how and why the UK should leave the Customs Union and single market as well as the EU, on 29 March 2019. Mr Rees Mogg said the main […]

Posted in Wokingham and West Berkshire Issues | 2 Comments

Why the EU paper on transition is unacceptable

I am glad David Davis objects to the language of the EU paper. I trust he also objects to the following in it “The UK may not become bound by international agreements entered into in its own capacity in the areas of exclusive competence of the Union….” “For the purposes of the Treaties,during the transition […]

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The Bank seeks to slow the economy some more

As I have reported before, the Bank of England has been tightening money conditions for sometime because it wishes to slow the UK economy. It has recently increased the base rate to 0.5%. It used macro prudential policy to seek to rein in consumer credit. It has been particularly successful at reducing car loans and […]

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Negotiating a deal

Both the EU and the UK government would be wise to study why their last negotiation before the referendum went so wrong. The two parties wanted the same outcome – a deal which enable the UK to vote to stay in the EU. Their failure has left the EU struggling with the departure of one […]

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What is a Customs Union – a set of restrictions on trade

It is most important not to confuse a free trade policy with a Customs Union policy. The main point about a Customs Union is the wish to impose tariffs and barriers against the rest of the world that are legal under WTO rules, knowing that the WTO would prefer the members of the Customs Union […]

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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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