This article is based on extracts from my “Financial Times” interview in April 1987 recording Bhutan’s search for “economic prosperity and political stability and social harmony”.
When Bhutan’s King Jigme Singye Wangchuck first started talking in the 1970s and 1980s about Gross National Happiness being the guiding principle for development of his tiny remote Himalayan kingdom, [...]
LONDON: It can’t often happen that prime ministers from two different countries together address the same audience of tens of thousands, both of them looking to the same people for votes and other political support. Even more remarkable is that the two politicians use the event to build a hitherto non-existent personal bond and to [...]
Focus on City of London finance, meeting the Queen, and a Wembley extravaganza
LONDON: It’s tempting to wonder whether Narendra Modi’s crushing defeat in the Bihar state assembly election announced last Sunday has, in a small way, had the sort of catalytic impact on him that India’s financial crash in 1991 had on the then Congress prime [...]
Indian politics have today been hit with the biggest disruption since last year’s general election, with prime minister Narendra Modi’s Bharatiya Janata Party suffering an unexpectedly heavy defeat in the state of Bihar’s assembly polls.
A close result had been widely predicted, but that proved wrong and a mahagathbandhan (grand alliance) headed by Nitish Kumar, chief minister [...]
If people start to suspect that the BoE is controlled by the incumbent Government’s political allies then they may well revert to thinking that monetary and financial policy will be tweaked for electoral advantage.
Unless one is going to take refuge in the discredited theory of an expansionary fiscal contraction or the scare story that closing the deficit any less rapidly would have resulted in a catastrophic run on UK government debt it’s still clear the economy would have recovered more rapidly without the Chancellor’s austerity.
LONDON: What do Narendra Modi, Jeremy Corbyn, Donald Trump and Arvind Kejriwal, to name but a few, have in common? They are all politicians (or in one case, a potential politician) who have emerged recently because of voters’ disenchantment with the way that their predecessors have run broadly consensus politics supported by establishments controlled by [...]
Jeremy Corbyn’s election as leader of the opposition has failed to close the gap between the Conservatives and Labour according to a ComRes opinion poll in tomorrow’s Sunday Mirror and Independent on Sunday. The Conservatives are up two percentage points, and Labour up one, leaving the Conservatives 12 points ahead.
But 52 per cent of people [...]
We have a ComRes opinion poll in tomorrow’s Independent on Sunday, shared with the Sunday Mirror. This is the first voting intention poll carried out wholly after Jeremy Corbyn was elected Labour leader.
The Independent today reports an ORB poll that found 20 per cent of 2015 Labour voters said they were “less likely to vote [...]
I assume that YouGov is planning to run one more poll of Labour members and affiliated and registered supporters before the close of voting on Thursday and the announcement of the result on Saturday. I don’t know whether it will be in tomorrow’s Sunday Times or in The Times next week. While we wait, let [...]
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