Category Archives: Uncategorized

Stop the exaggerations about Brexit

Most days I hear or read a news item that tells me something has happened because of Brexit, or something has happened despite Brexit. Usually the item has nothing to do with Brexit whatsoever, would have happened without the Brexit vote and would have been given a different explanation then. Some of the media and […]

Posted in Uncategorized | 91 Comments

The need for decent banks

It has been fashionable to bash banks and bankers ever since the 2008 crash. Politicians have often been keen to criticise, as they enjoy finding a category of people more unpopular than themselves. The commercial banks were a useful whipping boy when there had been a  monumental failure of monetary policy. The Regulators had allowed […]

Posted in Uncategorized | 47 Comments

The magic extra million is a public sector constant quest

If the state is spending £100 million on providing a service the debate will be about providing an additional £1m to make it better. The possible extra £1m is endowed with magic powers by the service providers and often by the political opposition. The extra one million we are told would make all the difference […]

Posted in Uncategorized | 43 Comments

Site service

Some technical work is being undertaken which might affect service over the next couple of days I am told.

Posted in Uncategorized | 4 Comments

UK growth accelerated in the fourth quarter of last year

The fourth quarter saw UK growth speed up to 0.7% for the three months. The quarterly pattern last year according to the ONS was 0.2% in Q1, 0.6% in each of Quarters 2 and 3, and 0.7% in Q4.  The ONS says this amounts to 1.8% growth for the year as a whole, though the […]

Posted in Uncategorized | 21 Comments

Lords pass Brexit Bill unanimously

Parliament has now spoken. A large majority for Brexit in the Commons is now matched by a unanimous vote in the Lords. The Supreme Court has succeeded in delaying the letter but not in stopping it. As I thought at the time of the discussions on the Supreme Court decision it is the view of […]

Posted in Uncategorized | 68 Comments

UK public finances are OK

The latest figures for public spending, tax revenue and borrowing published yesterday showed more progress in reducing the running deficit.  Total state borrowing adjusted for the bonds the Bank of England has bought in remains at a moderate level, around 65% of GDP. The main reason new  borrowing is reducing is the continued good growth […]

Posted in Uncategorized | 26 Comments

The future of the High Street

The changes to rates has once again highlighted the rapid changes on UK High Streets. Large centres with numerous coffee shops, restaurants, boutiques and the main multiples are usually trading successfully. The Metro Centre, Oxford Street, Bicester Village, Meadowhall and the other well established shopping centres are flourishing. People want a good range of shops, […]

Posted in Uncategorized | 72 Comments

Major problems with overseas aid for Eastern European countries

I was surprised to read in the Sunday press that some people think it a good idea to divert overseas aid to Eastern European members of the EU to “buy” a better  deal with that organisation. As I have explained before, there is no Treaty power to require a UK leaving payment above and beyond […]

Posted in Uncategorized | 95 Comments

Business rates

The media have been running two popular causes in recent days. The campaigners want the government to spend more on social care. Campaigners also want no business rate rises in places where property prices have risen. This highlights the perpetual tension. How do you raise enough money for good purposes without overtaxing the people and […]

Posted in Uncategorized | 83 Comments
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    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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