THE CITY GRUMP “Current existing systems massively reward high status well connected people” As usual Dominic Cummings hit the nail on the head when answering a question on checks and balances in front of the Science and Technology Committee last week (I sometimes fantasise over what could have been achieved if the Blessed Margaret had worked with Cummings instead of our current dissembling PM). I … Continue reading What’s Eating British Capitalism?
THE CITY GRUMP In 2008, the central bankers grew the Magic Money Tree, technically known as Quantitative Easing (QE). It is their opioid “gift” to all of us and most of the Western World has been hooked on it ever since. For a while it looked as if we could kick the habit but then along came the pain of the pandemic, brought to us … Continue reading Cutting Down The Magic Money Tree
CSM EDITORIAL Not many of you, Dear Readers, likely care much for circuses. Circuses have become unfashionable. Public opinion tends to go along the lines of: “creatures are better off in their own habitats rather than locked away in zoos or made to perform in circuses.” However – whatever you think of them – circuses are a useful historical example for where the BBC has … Continue reading BBC Partisanship – The Smoking Gun
THE CITY GRUMP As government debt skyrockets, thanks to Covid19 lockdowns, naturally the Treasury’s thoughts turn to increasing taxes. Some think the holy grail is to seek out tax, which will be worth collecting and somehow be seen to make life fairer for us citizens. To this end the Treasury commissioned the Orwellian sounding Office for Tax Simplification (OTS) to come up with ways of reforming … Continue reading A Political CGT Blueprint
CITY GRUMP I suppose all Dishi Rishi has to do for the time being, given that he has been squirting huge amounts of cash around in an effort to put out the Covid fires, is to stand and deliver platitudes and boy did he do that at the Conservative Party Conference. Take the following sentiments that could come from the lips of any politician from Albania … Continue reading Rishi – A Summary
THE CITY GRUMP The mainstream media seem to have fallen hook line and sinker for our photogenic Chancellor’s July 8th handouts. Headlines like “Come dine with me” and “Rishi Dishy” are everywhere, while the FT’s normally sensible Deputy Editor, Robert Shrimsley, declares “Mr Sunak presented a substantial and imaginative statement”. No he didn’t, it is all flash and no substance. Where to start? Okay let’s … Continue reading The Sunak Handouts