Mervyn King – Governor of the Bank of England – has reportedly said that this would be a good election to lose. Glad to see he’s caught up – I first said this in a column for Public Finance in February 2009 entitled ‘Losing is the new winning’. What is surprising is it has taken this […]

Both Brown and Clegg have done well in the debate tonight on the public finances and the economy. Brown demonstrated his mastery and experience of the global economic issues whilst Clegg played his ‘anti-politics’ card well (although it is getting a little tired) and his ‘fairness’ pitch was well presented. Clegg is clearly the master […]

I posted (below) some time ago on the mysterious £860m (rising to £905bn in four years) they could “save” from the audit and inspection of local government. As the entire budget of the Audit Commission – the main body involved – is only just over £200m how could they save four times this amount?

With the FT and IFS reports this week it is abundantly clear now to everyone what some of us have been saying for ages – this election is being fought with a big void where the truth about the public finances and spending cuts ought to be. But if what they are telling us about […]

When I posted a week ago about the possibility of Alan Johnson as PM in a Lab-Lib coalition, it would have been easy to dismiss it as fantasy. But, a week is a very long time in our current politics. Today’s Guardian headlines Nick Clegg saying: I could work with Labour, just not Gordon Brown

Is the idea of an IMF intervention in Britain fact or fiction?  Simple answer: fiction, on just about every level.

The idea of a hung parliament is now not only possible but is slipping into being acceptable, at least to some. So far up the agenda has it leapt that the new, more positive, term ‘balanced parliament’ is creeping into widespread use.

I’ve already hinted at this in a previous post, and I’ve been saying it privately for several weeks: it wouldn’t be a completely wild bet on Alan Johnson being the next Prime Minister.