Universal Basic Landlord Subsidy

There’s quite a bit of chatter about so called “Universal Basic Income” again in some of the circles I frequent. It’s a simplistic policy, easy to understand but difficult to sell to the people who will feel like they are funding something for nothing for others. And it can do more harm than good if not coupled with wholesale reform of the tax system to stop fining people from doing economically beneficial things – such as working or investing to produce goods and services, or trading: things we want to encourage.

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The Poor Man of Old Europe?

The Poor Man of Old Europe?

I only vaguely remember in the late seventies people referring to Britain as the "Sick Man of Europe" For some reason I found myself needing to lookup British Gross National Income just now, and it struck me just how far down what one might call "old Europe" we are. Of the nine members in the…

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The timeline to trouble

The timeline to trouble

So, a few days into the “LIBOR Scandal” what do we know, when did things start to go wrong and in what way did they breach “best practice”? Here’s a timeline to the current travails of the Treasury-privileged classes: 1690: John Freame, Quaker of Cirencester, and co-religionist Thomas Gould fled persecution in backward English countryside…

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