#BigOrganic

Two cheers and one boo for the Budget

Plain-speaking Economics

On balance, I think Rishi Sunak got more things right than wrong in Wednesday’s Budget. Let’s start with a couple of positives.

First, he extended the most important support measures, including the uplift to Universal Credit and the furlough scheme, until the end of September. This is probably longer than strictly necessary because the remaining lockdown restrictions could all be lifted by 21st June. But it does make sense to continue this support in the meantime and to minimise uncertainty for businesses and households.

There was also a good case for asking employers to contribute more to the furlough scheme from July, as the Chancellor has now done. Continuing the scheme on its current terms after restrictions have been lifted could lock people into jobs that are no longer viable and delay the adjustment to the ‘new normal’, whatever that may be.

Some will still say that Rishi Sunak…

View original post 745 more words

No idea apparently, probably not much interest

croaking cassandra

Over the three and half years that Jacinda Ardern has been Prime Minister and Grant Robertson Minister of Finance it has become increasingly obvious that not only do they have no serious ideas for turning around decades of productivity growth underperformance, and no intention of doing much on that score, but they have no real interest either.

Appointments are among the things that help reveal priorities. A couple of years ago they had the opportunity to look for a new Secretary to the Treasury who might revitalise the agency and start generating serious credible advice on fixing that economic failure – with all its ramifications for opportunities in other areas of life. They chose to pass up that opportunity.

More recently – and the focus of this post – there has been the Productivity Commission, set up a decade ago with some vision that it might offer medium-term analysis, research…

View original post 1,047 more words

Billy Thorpe – Most People I Know Think I’m Crazy

What Is Each Country’s Oldest Company?

The Battle of La Lys – Operation Georgette I THE GREAT WAR Week 194

The Tsar Abdicates – Baghdad Falls I THE GREAT WAR Week 138

Its not personal Sonny its strictly business

21 Perversions Inflicted by Wokeness

Science Matters

The list is provided by Gad Saad in his article and video Welcome To The Abyss of Infinite Lunacy.  Psychologist and author of “The Parasitic Mind: How Infectious Ideas Are Killing Common Sense,” Gad Saad, warns that society is descending into an abyss of ultimate lunacy. Text in italics with my bolds and images.

GAD SAAD: The rate at which our society is tumbling into madness is truly bewildering.

One, it is now racist for a white person to translate the work of a black person.

Two, it is now homophobic for a straight actor to play a gay role.

Three, it is now racist for a white therapist to treat a black client.

Four, it is now racist to have advanced high school programs.

Five, it is now transphobic for biological females to reject having to compete against trans women.

Six, it is…

View original post 268 more words

Is there any case for tax increases now?

Plain-speaking Economics

Few people outside the Treasury think that now is a good time even to be talking about raising taxes, let alone actually doing so. Nonetheless, it seems almost certain that the Chancellor will start down this road in Wednesday’s Budget. This may not be as mad as it sounds.

The arguments against immediate tax hikes are well known. The UK economy is still in the midst of the worst recession in over three hundred years. The cost of borrowing is still remarkably low. Raising taxes prematurely could simply undermine the recovery and actually make it harder to bring the public finances back under control.

It would also be politically risky. Almost all independent commentators – as well as many on the Conservative backbenches – agree that fiscal policy should continue to focus on supporting growth. The financial markets are comfortable with this too. This is an open goal that Labour…

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