Productivity and the Minimum Wage
Productivity is a function not only of the qualities of individual workers but also of how they are organised. Subsidising
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Not Our Job to Prevent Recession (1): Bank of England
The Bank of England’s inflation mandate virtually guarantees recessions as higher interest rates repeatedly puncture house-price booms. What are higher
Continue readingUK Energy Prices: Are We Dodging the Bullet?
The UK has been hit with an unexpected bill for energy of the order of £100bn. This is a one-off,
Continue readingOn Inflation
Because inflation is affected by delays in the economic system, it is cumulative and persistent. To minimise the depth of
Continue readingSolving the UK Energy Price Crisis
The UK energy price spike should be addressed directly and the rest of the economy isolated as much as possible
Continue readingHeatwave Horror
Here we go again. Yet another heatwave here in London. And, with the Met Office forecasting 34C, it’s very likely
Continue readingRishi, Isn’t Inflation the Problem?
The Chancellor could have subsidised energy prices directly, which would not only have reduced inflation (depending how the ONS deals
Continue readingCovid-19: On the Waning Effectiveness of Vaccines
Data presented at recent Downing Street press conferences appears to understate the effectiveness of vaccination at preventing hospitalisation with Covid-19.
Continue readingCovid-19: How Seasonal is it?
In my previous post I mused that: “…if the seasonal effect is not extreme, the UK might achieve sustained herd
Continue readingOn Herd Immunity
Definition When would we be able to say that a region or country has achieved “herd immunity” to a contagious
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