Monthly Archives: October 2012
The energy market in gas and electricity is one of Britain’s success stories. It was an extraordinary feat of imaginative policy making to introduce competition, not just in the capital markets via privatization, but for consumers and retailers too. This … Continue reading
For months now, the Scottish Government has been giving the strong impression that it had sought specific legal advice on whether an independent Scotland would be allowed automatically into the European Union. It has blocked attempts to force it to … Continue reading
The Ministry of Truth has decreed that rail privatisation has been a failure. I’m not sure about that. Most of the indicators show that things were even worse under British Rail, not that that’s saying much. But there’s one thing … Continue reading
You can’t talk about the benefits system unless you mention taxes too. Both have become so complicated that fiddling with one has unpredictable consequences for the other. The only sensible solution is for all benefits to be universal, regardless of … Continue reading
An entertaining debate is taking place between the economists George Kerevan and Brian Ashcroft – and they seem to be pointing to some surprising conclusions about the performance of the Scottish economy.