I think it’s reasonable to hope business investment growth will, this time, be sustained. But after the disappointments of recent years we should be wary of taking anything for granted.
Ian McCafferty is implicitly assuming that trend productivity growth has been lost forever and the only element to be explained is the shortfall relative to 2007. That makes the rest of his analysis, I would argue, inherently pessimistic.
Denis Healey – Classic Virgo
Guest post by Tim Healey (pictured right www.timhealey.co.uk)
A recent article in The Independent on Sunday (30 June 2013) itemises my father, Denis Healey, as number nine in its list of ‘The Best Prime Ministers We Never Had’.
Not so. I think my father would have made a rubbish prime minister. He [...]
Sphere gives Rowling’s latest the 1,000th “stranger in silhouette” cover. “Gutless, witless, woeful design,” says Jake Goretzki.
Other things I have come across:
• The myth of the “trophy wife”, via Andrew Sullivan.
• I have been waiting for a bit of Blair Revisionism (my interview with Cherwell). Here we have Charles Moore in Saturday’s Telegraph (very fine, apart [...]
I may have been too harsh on David Cameron in my column for The Independent on Sunday today. I said it did not bode well for his hopes of renegotiating British terms of EU membership that he had misjudged Jean-Claude Juncker’s bid to be president of the European Commission.
Actually, though, it was Angela Merkel who [...]
Provoked by Mike Smithson and his commenter Edmund in Tokyo, I return to the subject of what would have happened had David Miliband won the Labour leadership in 2010. I have said before that the party would have been in a worse position, because the naive left would have reacted badly to being led by [...]
For all the people on Twitter, including George Monbiot, Mehdi Hasan and their followers, who bombard me with what they think are embarrassing questions about Iraq:
1. No, I do not accept that the decision to take military action against Saddam Hussein was a mistake, because no one can know what would have happened had the [...]
I was going to explain why Sir Peter Tapsell, the longest-serving MP, had shown that neither length of service nor a grand manner is a guarantee of good sense. He asked David Cameron at Prime Minister’s Questions:
Is he aware of the growing sentiment that, as the publication of the Chilcot report is being so long [...]
Let’s not kid ourselves that we’re, yet, outstripping our European peers when it comes to exporting to China
We are agreed. Thomas Piketty has been on Channel 4 News and accepted that there has been “only a limited rise in wealth inequality in Europe” in recent decades, whereas it has risen greatly in America. This is what I said. (Video below thanks to Guido Fawkes.)
The situation in America is quite different. Indeed, Piketty [...]
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