Showing posts with label British Finances. Show all posts
Showing posts with label British Finances. Show all posts
Wednesday, September 24, 2014
Winners and Losers in Scotland
The Scottish Referendum: Who Won, Who Lost, National Interest, September 24, 2014. "It seems churlish to speak of winners and losers today, but, after all, the point of voting is to pick winners. The most important winner, of course, is the Union itself. Scotland, too, is a winner. Apart from the fact that it would have been worse off outside the Union, it has demonstrated that it’s possible—as it has been for centuries—to be both Scottish and British."
Friday, April 11, 2014
The Brexit Prize and the IEA
And the Prize for Britain’s Exit to the EU Goes To . . ., Heritage Foundation Foundry, April 11, 2014. "The Institute of Economic Affairs (IEA) in London awarded its prestigious “Brexit Prize,” a 100,000 euro award for the best plan for a British exit from the European Union (EU), earlier this week. The winner, Iain Mansfield, is the director of trade and investment at the British embassy in the Philippines. Thankfully, there are evidently still a few civil servants who have not succumbed to the British establishment’s decades-long bias in favor of the EU."
Thursday, September 20, 2012
The Failings of Private Austerity
Why Larry Summers Is Wrong About the British Economy, with Ryan Bourne, Heritage Foundation Foundry, September 20, 2012. "Despite all the talk about huge spending cuts, spending has actually increased in real terms since 2010, while new tax hikes have been piled on top of the tax rises implemented by the previous Labour government.
Labels:
British Finances,
Foundry,
Heritage Foundation,
Ryan Bourne,
Stimulus
Wednesday, May 30, 2012
Too Much Is Never Enough, Apparently
A Bottom Up Look at the Top Down, Centre for Policy Studies, May 30, 2012. "If you believe that it is not possible to demonstrate that any particular level of taxation, welfare spending, or redistributive policies are economically counter-productive, and if you are in principle in favor of these things, then when do you say “enough,” and why do you decide to say it? A reliable way to get liberals excited is to say that they’re socialists. Fine, they’re not. But if Britain – where the government currently spends 50 percent of the nation’s GDP – is not verifiably well past the point of diminishing returns on state spending, where does that point lie? Is it 60 percent? 70 percent? 99 percent? If neither evidence nor principle tells you when to stop – and to go into reverse – then what does? At what point does the distinction between a really big government and socialism become irrelevant?
Wednesday, March 7, 2012
Here's One Thing You Missed: The Cuts Don't Exist
Britain Shows No Sign of Shaking Addiction to Debt, Taxes and Regulations, Contentions, March 7, 2012. "With British Prime Minister David Cameron’s state visit impending next week, we can expect to hear a good deal about – though see nothing very much done about – Afghanistan, the NATO Summit, Libya, and Syria, But we’re also likely to get a smattering of commentary about Britain’s parlous fiscal position. If we’re lucky, the media will talk about “Tory spending cuts.” If we’re really lucky, they’ll call them “savage.” Writ large, it’s useful to remember one thing about these spending cuts: they don’t exist."
Labels:
British Economy,
British Finances,
Contentions
Tuesday, January 17, 2012
Economic Freedom Means More Than Austerity
In Europe, Reducing Spending Necessary, But Not Sufficient, To Restore Economic Freedom, Heritage Foundation Foundry, January 17, 2012. "If the 2012 edition of Heritage’s Index of Economic Freedom has bad news for the United States, the news for Europe is not much better. The 43 nations of the European region did manage to lose less economic freedom than did the United States, but a decline is still a decline. And the European decline was broad-based: Only nine countries made gains, and every one of the top 10 declined—in some cases, dramatically. The underlying driver of the declines in many cases will come as no surprise: higher levels of government spending."
Wednesday, February 2, 2011
A Review of a Blair Review
On Kirchick on Blair, New Ledger, February 2, 2011. "Jamie Kirchick has a thoughtful review up for Policy Review of Tony Blair’s memoirs. It’s difficult to quarrel with Jamie’s conclusion, which is that the more Labour becomes a creature of the trade unions, the less likely it is to win an election. And I certainly endorse Jamie’s stout defense of Blair’s policies in Iraq and, more broadly, Blair’s support for close Anglo-American relations. But to my mind, the overall picture is less clear, and less favorable to Blair, than Jamie has it."
Friday, October 29, 2010
An American View of Britain's Spending Cuts
"From America, the Cuts Do Not Look Too Drastic," Yorkshire Post, October 29, 2010. Not available on the Yorkshire Post site due to technical issues. "In short, every Labour government since 1945 has run afoul of the skepticism of the markets. But yet, according to the left, there is never a good time to spend less. When the economy is up, it’s time to spread the wealth by spending more on the social services. When the economy is down, cutting spending will drive the nation into a depression and inflict untold horrors upon the poor. If that’s true, then the poor really must have been suffering under Labour, because Osborne’s plan is to reduce spending to the level it was at in 2007. In anything other than the shortest of terms, that will not be enough. Like the U.S., Britain has an aging population, and its entitlement programs are massively indebted. Saving billions of pounds now will not pay for trillions of pounds worth of benefits in the coming decades."
Tuesday, October 26, 2010
UK Cuts, Should Have Cut More
The U.K. Budget Cuts: Lessons for the United States, Heritage Foundation WebMemo #3043, with Nile Gardiner and J.D. Foster, October 26, 2010. "The British cuts will be closely watched by policymakers in the United States, who are keen to address the bloated budget deficit on this side of the Atlantic. And with good reason: Public spending in the U.S. has ballooned in recent years, and America is heading for a rude awakening of Greek-style proportions unless it reverses course—and rapidly. But for several reasons, the U.K. cuts cannot simply be used as a blanket role model for the U.S. to follow."
Wednesday, October 20, 2010
Osborne Needs to Focus on Growth, Not Just Cuts
A Lesson and a Warning from Britain, Foxnews.com, October 20, 2010. "Today, George Osborne, Britain’s Chancellor of the Exchequer – the man responsible for Britain’s budget –announced the results of a high-profile spending review. He promised cuts, and he delivered. The question is whether the cuts will be deep enough, and Osborne’s other policies wise enough, to restore Britain to financial stability."
Thursday, July 22, 2010
When Cameron Came to DC
PM Shines But Should Have Spoken Out On Fiscal Divide, Yorkshire Post, July 22, 2010. "AT least David Cameron's visit wasn't a fiasco. When Gordon Brown came to Washington last year, it was all too obvious that the US administration in general, and Barack Obama in particular, regarded him as a negligible figure."
Tuesday, July 20, 2010
What Cameron Should Say (Or Have Said)
Britain’s David Cameron Must Tell Obama the Truth, Foxnews.com, July 20, 2010. "In a relationship, troubles never come one at a time. The Anglo-American Special Relationship is no different. Obama’s early discourtesies – the ejection of Winston Churchill from the Oval Office, the gift of incompatible DVDs to Gordon Brown, who is partially blind – were minor in themselves. But they were a token of the president’s belief that Britain is just like any other European country – easily wooed, and hence of no real account."
Wednesday, June 30, 2010
Osborne's Doing Better Than Obama
Osborne Has A Long Way To Go, But At Least He’s Started, Yorkshire Post, June 30, 2010. "According to the Left, there is never a good day to cut government spending. When the economy and tax revenues are growing, the Left wants to spend more because it can. When the economy is stagnant and tax revenues are shrinking, the Left argues it has no choice but to spend more, in order to cushion the blow. The result is that progressive governments transfer money from savers to spenders, from the productive economy to the unproductive state, and from the unborn to the living. For progressive governments, the economy is a goose that will keep on laying golden eggs, no matter what they do to it."
Friday, June 18, 2010
If At First You Don't Succeed . . . .
The Most Active Recovery Act Season Yet!, Heritage Foundation Foundry, June 18, 2010. "As Mike Allen of Politico reports, Vice President Joe Biden has kicked off what the Obama Administration calls its “Recovery Summer.” According to senior adviser David Axelrod, “This summer will be the most active Recovery Act season yet.” It sounds like Axelrod has never heard the popular saying about what to do when you’re in a hole: stop digging."
Tuesday, June 1, 2010
Labour's Biggest Failure and Cameron's Challenge
Why Cameron Needs That Something Special to Get Britain Back On Its Feet, Yorkshire Post, June 1, 2010. "David Cameron has a big job ahead of him. This week, the Organisation for Economic Co-Operation and Development said it again: with the exception of Ireland, the outlook for Britain's public finances is the worst in the industrialised world."
Wednesday, May 19, 2010
On Trade Offs and Liberalism
The Politics of False Promise: New Labour and Barack Obama, New Ledger, May 19, 2010. "The lesson of New Labour’s fall has been lost in the United States. It should not be, for New Labour’s fate will also be Barack Obama’s. Unlike Tony Blair, Obama won high office at a time of foreign and domestic crisis. But he has doubled down by applying New Labour’s political and governing strategies nonetheless."
Britain's Skint. Are We Next?
"I’m Afraid to Tell You There’s No Money Left," Heritage Foundation Foundry, May 19, 2010. "When Britain’s new Chief Secretary to the Treasury, David Laws, walked into his office last week, he found a letter from his predecessor, Liam Byrne. Laws assumed it contained useful advice. But when he opened the envelope, he found that the letter – which he characterized as “honest but slightly less helpful” than he had expected – had only a single line . . ."
Friday, May 14, 2010
When New Labour's Luck Ran Out
New Labour Was Lucky, Then the Luck Ran Out, Foxnews.com, May 14, 2010. "The only problem with relying on luck is that, sooner or later, it runs out. And that, looking back, sums up much of New Labour’s time in power."
Monday, May 10, 2010
Lessons from Churchill to Cameron on May 10
In Britain, Cometh the Hour, Cometh the Man?, FoxNews.com, May 10, 2010. "May is a momentous month in British political history. By virtue of the respite it offers from Britain’s legendarily gloomy weather, it has witnessed more than its fair share of elections. And by virtue of the fact that good campaigning weather is also good fighting weather, May marks the most historic handover of power in modern British political history. Today is the seventieth anniversary of the beginning of France’s defeat at the hands of the German Army, of Winston Churchill’s entry into Number 10 Downing Street, and of Britain’s salvation."
Friday, May 7, 2010
What America Thinks (If Anything) About Britain's Election
America Shies Away from Britain’s Woes, Yorkshire Post, May 7, 2010. "By and large, Americans are not much interested in foreign elections. Britain has always been the exception that proves the rule. That's partly because Britons and Americans speak the same language – or so Americans believe. But, of course, the Canadians and the Australians speak English, and their elections pass by quietly in the U.S."
Subscribe to:
Posts (Atom)