The ritual of the annual Mais lecture took place on 19th March. The Mais lectures have been taking place since 1978. The year is not accidental. Thatcher was about to come to power. She proposed to abandon the postwar economic consensus of a managed economy in which the state assumed responsibility for economic areas considered crucial to economic success: health, … Continue reading Reeves in a Straightjacket—Editorial
Gordon Brown
The Independence of the Bank of England—Editorial
Central Bank Independence Readers will be familiar with the term ‘independence of the central bank’. Of late, it has been much referred to in the media. The tone is always that this independence is a good thing. And Labour proudly remind us that the Bank of England (BoE) was made independent by Gordon Brown in 1998 when he … Continue reading The Independence of the Bank of England—Editorial
Fiscal Rules – A Scam To Justify Austerity — Editorial
Early in his Autumn Statement to Parliament on 17th November, the Chancellor, Jeremy Hunt, announced two new fiscal rules: “…I also confirm two new fiscal rules. The first is that underlying debt must fall as a percentage of GDP by the fifth year of a rolling five-year period. The second is that public sector borrowing over … Continue reading Fiscal Rules – A Scam To Justify Austerity — Editorial
Labour—A ready-made recipe for success?
Peter Brooke What do Mark Drakeford, Labour First Minister in Wales, and the two Labour Metro Mayors - Andy Burnham in Manchester and Steven Rotheram in Liverpool - re-elected in the North of England have in common, apart from getting the best results for Labour in the recent elections? They all signed up to Gordon … Continue reading Labour—A ready-made recipe for success?
Labour Affairs 