With China selecting its new leadership and a bizarre row with the Japanese over some islands in the East China Sea, it’s worth reflecting on the impact of China’s economic miracle. Continue reading
Posted in Global
Tagged China, Japan
I’m always a little bemused why the Unionist camp in Scotland doesn’t make more of the fact that renewable energy here benefits from an enormous subsidy transfer from the rest of the UK. It must be worth about half a billion by now. This would be placed in serious jeopardy by independence. At best (a bit like with the currency) policy would be outsourced to foreign control. See my take on it in Saturday’s Daily Mail.
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 won’t stop the politicians trashing the whole thing, though. 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 publish that advice and has responded to the growing clamour that it should publish by saying that legal convention prevents it from doing so. 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 missing from the rail industry that would make it much more efficient. 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 income, and for redistribution to be confined to the tax side. 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. Continue reading