Burnham is leading an administration that seems to have learned nothing from the administrations that governed the UK since the global financial crisis (GFC) in 2008. All these administrations failed. Keir Starmer failed, Rishi Sunak failed, Liz Truss failed, Boris Johnson failed, Theresa May failed, David Cameron failed, Gordon Brown failed. By failed we mean the Prime Minister … Continue reading Burnham’s Administration is on the road to failure—Editorial
Tax
Nonsense about government bonds
Martin Seale The mainstream media is full of stories about bonds. The fear being spread is that the Labour government will be unable to sell UK government bonds to a private sector that is apparently worried about whether the UK government might go bust. The UK mainstream media is unimpressive at the best of times. But … Continue reading Nonsense about government bonds
Gabriel Zucman We need to tax the billionaires 2025
Translated into English 2026 A summary Catherine Dunlop At 65 pages, this international bestseller is a long article or short manifesto. The general idea is that taxing billionaires is no more revolutionary than establishing income tax; income tax is accepted now as a matter of course, even if at the time it was created (end … Continue reading Gabriel Zucman We need to tax the billionaires 2025
Gary Stevenson—Tax the super-rich
Catherine Dunlop Gabriel Zucman is not as urgent, in his little book ‘We need to tax the Billionaires’ at least, as Gary Stevenson on his Channel ‘Gary’s Economics’. They agree on their one main point, and Stevenson has done an interview with Zucman recently on his channel. Gary Stevenson makes one point only on his channel, which … Continue reading Gary Stevenson—Tax the super-rich
Whether Burnham wins or loses, the future of the Labour Party is not guaranteed—Editorial
The Makerfield by-election is the most important by-election in recent years. It is almost a pre-run of the 2029 general election which may well determine whether the Labour Party survives. Makerfield has been represented by Labour MPs since its creation in 1983. Labour would typically get between 50% and 60% percent of the vote. It was a ‘Leave’ voting … Continue reading Whether Burnham wins or loses, the future of the Labour Party is not guaranteed—Editorial
Can Reeves’ Budget Save Labour?—Editorial
The problem that Reeves had to deal with in her November 2025 budget was how to reverse the increasing likelihood of Reform becoming the largest party in the 2029 general election. On this measure the budget will most likely be a failure. While we can all feel a sense of relief that she has, under … Continue reading Can Reeves’ Budget Save Labour?—Editorial
Rachel Reeves’ Budget Dilemma – Households and Governments—Editorial
Rachel Reeves will deliver her second budget on 26th November, facing a serious dilemma of her own making. By adopting two strict fiscal rules that limit government spending without tax rises, and simultaneously pledging not to increase taxes on working people during this parliament, Reeves has boxed herself into a narrow and politically dangerous corner.When … Continue reading Rachel Reeves’ Budget Dilemma – Households and Governments—Editorial
Starmer Shuffles—Editorial
As we go to press it appears that Starmer has made his first move against his chancellor Rachel Reeves. Starmer has no understanding of economics but he does grasp that the huge drop in Labour’s position in the polls can mostly be explained by the economic policies that Reeves is following. Darren Jones, who had … Continue reading Starmer Shuffles—Editorial
Labour Affairs 