NIC Reeves & The Blunder Stuff

NIC Reeves & The Blunder Stuff

People do not like being lied to and being manipulated, the financial markets particularly so, the stories that have broken about Rachel Reeves have the potential to be destabilising. When you’re borrowing over £100 billion a year you cannot annoy the markets like this. Labour will have three more budgets to deliver before the next election, I expect the run up to the next one in particular will be particularly rough after these events. I think Rachel Reeves survives this…

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We need to talk about abolishing the budget

We need to talk about abolishing the budget

Speaking to somebody who spent several years working at 1 Horse Guards Road and they also advocate abolishing the budget because it is the enemy of good governance and decision making. Their analogy was when new cars registrations used to taek place in August, it utterly distorted things and ensured far too much happened in a few weeks rather than evenly spread throughout the year. I am becoming persuaded by this argument. TSE