Yes TfL has started letting you bus it even if you have only one penny's worth of credit. And sure, if you're lucky enough to have a contactless debit card, you're probably fine. But let's face it: at some point, most of us are going to want to get a night bus, having run into negative Oyster balance. And then what, eh?
There is a very real risk that policymakers ignore the tech sector because they don't understand it or because they are scared of not looking like an expert. I think this blind spot is also linked to overly managerial politic: politics that responds more to polls than to fresh opportunities, that listens to focus groups in order to invent new ways of saying the same thing, rather than engaging dynamically with the new innovations emerging.
We need more young people to enter the labour market fully equipped for a life of work, as enterprising first-time employees. Current employers - 70 per cent of them according to a CBI survey - do not think that school leavers are sufficiently ready for the world of work.
We need to make people want to work in this country and as far as I'm concerned we should abolish the National Minimum Wage, and replace it with a National Living Wage.
Since the election, output for every hour worked has not gone up - it's gone down, whilst output per worker has followed the same trajectory. We're actually less productive than we were in 2010. This appalling record is far worse than the last years of the 1970s, long deemed the moment when 'British disease' reached its peak.
Huge progress has been made in recent years to address the gender disparity in the construction sector, admittedly from an extremely low starting point - but with just 8.5% of UK engineers women, much more needs to be done quickly to not only address the gender gap but to avert a skills shortage in the UK construction and engineering industry.
Economics is politics and it can never be a science. Yet the dominant neoclassical school of economics succeeded in changing the name of the discipline from the traditional 'political economy' to 'economics' at the turn of the 20th Century.
The Bank of England is getting a knack for sharp screeching U-turns, not ideal when governor Mark Carney's beloved "forward guidance" plan over the path of interest rates is meant to be clear and credible... Yet now it seems they're just making things up as they go.
In my new book Economics: The User's Guide, I aim to show the reader how to think, not what to think, about the economy. There are a few important things to keep in mind when you are 'using' economics...
As soon as anyone suggests that the UK exchange rate is too high and that the pound is overvalued, there's an immediate reaction - and not usually a good one! But the problem is that the high pound is causing us all sorts of difficulties and it's affecting every man, woman and child in the UK right now, today.
One of the Mansion House speeches from George Osborne and Mark Carney on Thursday was set to grab the headlines. George Osborne's speech about increased regulation of currency markets has been a long time coming, with plans to extend legislation over LIBOR fixings to cover other benchmarks...