Opinion

The alarm over Credit Suisse signals a financial system losing its grip

There are worrying echoes of the financial crisis when Lehman Brothers and Bear Stearns scrambled to assure their creditors that all was well, but succeeded only in fueling suspicions that everything wasn’t. At times it was hard to know whether fears about the stability of the financial system were real or had become a self-fulfilling …

The alarm over Credit Suisse signals a financial system losing its grip Read More »

Ireland deserves no apology for Brexit

The comments by Steve Baker at the Tory conference have caused significant angst amongst unionists and loyalists in Northern Ireland, feeding the perception that this Government is continuing the tradition of its predecessors in putting the interests of nationalists and the Irish government above those of unionists. Put simply: unionists must give, nationalists must get. …

Ireland deserves no apology for Brexit Read More »

Good riddance to the fake meat bubble fed by cheap money

“The addressable market may be more limited than many thought,” Deloitte concluded in a report published last week. Of course, for when inflation strikes and the fakes are more expensive than the real thing, who would pay more? Nor have the products attracted a significant audience of health conscious vegetarians, either – which is hardly …

Good riddance to the fake meat bubble fed by cheap money Read More »

It will spark strikes and protests, but public sector pay has to fall

Recent market turmoil is all the more galling because it was unnecessary. Tax cuts didn’t need to be announced so soon, even though Liz Truss had foolishly said during the election campaign that she would cut taxes “within days”. They could have waited for the announcement of the new fiscal framework and this announcement could …

It will spark strikes and protests, but public sector pay has to fall Read More »

The £895bn QE monster is really to blame for the market meltdown

Blaming the Tories is a straight-forward, compelling narrative – an off-the-shelf consensus, which Keir Starmer exploited at his party conference in Liverpool. The Government “crashed the pound”, the Labor leader declared – a conclusion almost no journalists sought to challenge. But the reality is more complex and more worrying. For what we saw last week …

The £895bn QE monster is really to blame for the market meltdown Read More »

The markets are wrong about ‘Trussonomics’ just like they were about Brexit

Reducing the top rate from 45pc to 40pc is more controversial. But it is a sound supply-side policy. People on higher incomes, and the businesses that employ them, are especially likely to respond positively to tax cuts, for example by relocating to the UK. Of course, if this were just about providing a quick boost …

The markets are wrong about ‘Trussonomics’ just like they were about Brexit Read More »