The Great Debate UK

UK deficit cutting – lessons for the US

February 15, 2011

USA-BUDGET/The news that China is engaged in talks over the building of a rival to the Panama Canal ought to set alarm bells ringing in Washington – and not just because of its obvious geopolitical implications. It is yet another sign that the Chinese have finally woken up to the fact that relending their hoard of dollars straight back to the USA is not a very smart policy, at least not as long as the Federal Government carries on spraying out greenbacks like a tipsy GI on furlough, and without Chinese support, the outlook for the Treasury bond market looks threatening.

Thank you, Gordon Brown

November 11, 2010

BRITAIN-INFLATION/–Laurence Copeland is a professor of finance at Cardiff University Business School. The opinions expressed are his own.–

A budget of woes? Where has our imagination gone?

June 20, 2010

BRITAIN-BUDGET

-Ruth Porter is communications manager at the Institute of Economic Affairs. The opinions expressed are her own. Join Reuters for a live discussion with guests as Chancellor George Osborne makes  an emergency budget statement at 12:30 p.m. British time on Tuesday, June 22, 2010.-

Election may be fought on peak between dips

April 14, 2010

campbellBy Ian Campbell

LONDON, April 13 (Reuters Breakingviews) – Gordon Brown says his Labour party will “secure the recovery” if it wins the UK election in May. The opposition Conservatives would kill the upturn, he says. Brown is right in one sense: the “recovery” can easily be broken. But only because it is so fragile in the first place.

The UK should not waste its fiscal crisis

By Hugo Dixon
April 7, 2010

hugodixon–  The author is a Reuters Breakingviews columnist. The opinions expressed are his own  –

Tories panic with tax cut pledge

March 29, 2010

NeilCollinsNeil Collins is a Reuters columnist. The views expressed are his own

National Insurance contributions make an unlikely battleground for the British election. They lack the sexiness of income tax cuts. But NI is a bad tax and the Tories are right to pledge to overturn Labour’s plan to raise it.

from Global News Journal:

Does Greece really deserve such a market pummelling?

February 3, 2010

So there's no question Greece has work to do to improve its bookkeeping.

Not only must it get spending in check,  but it needs to be a bit more honest about where its finances stand in the first place. After all, it's not often an EU country says one month that its budget deficit is a little over three percent of GDP and admits a few weeks later that, oh dear, it's actually nearer 13 percent.

Why we need a bond market crisis

December 29, 2009

copelandLaurence Copeland is a professor of finance at Cardiff University Business School and a co-author of “Verdict on the Crash” published by the Institute of Economic Affairs. The opinions expressed are his own. -

from Commentaries:

California hosts garage sale to raise funds

August 26, 2009

California Governor Arnold Schwarzenegger is pulling out all the stops with the state's "garage sale" of unclaimed or unneeded merchandise. The idea came to him via a "tweet," he's using his Hollywood cache to juice bidding and it's all in the name of belt tightening.