Running the government budget is fundamentally different from running a household budget. Simplistic dogmatic wheezes, such as enshrining budget surpluses in law, could cause real damage to Britain's economy. Mr.Osborne, please listen to the advice of experts and bin the policy.
Osborne's new framework is a joke, but reveals the contempt the Conservatives have for the democratic will of parliament. Any future (chartalist) government will be able to revoke the framework, returning the Treasury to a subordinate position. Until then, British democracy will have been weakened by the arbitrary, self-imposed "rules" that serve only a few and narrow interests.
Osborne is set to announce the fire sale of the public's share in the Royal Bank of Scotland. Since the taxpayers bailed out RBS to the tune of £45billion in 2008, the government have held an 80% share in the bank. This bailout saved the bank from the mismanagement of its own executives, including such luminaries as Fred 'The Shred' Goodwin. You'd be forgiven for believing that seven years on Osborne's sell-off must mean that Britain's banks have been purged of all that led to such bedlam in 2008; deregulation, bloated bonuses, toxic debts and a willingness to gamble money that makes Las Vegas seem puritan. In truth the Chancellor is selling our share in RBS at a massive loss.
Now that the political spectacle once dubbed 'the most un-predictable election in history' is over, and the Tories are at the head of their first majority government since the 1990s, what will they do to deal with the UK's housing crisis?
When it comes to employment rates the UK is in a strong position. It must now use that strength to tackle some of our underlying labour market weaknesses. The real question is not whether we have much to learn from the US. It's whether our government will take heed of those things that have actually worked in our own country over the last few decades.
The heart of the matter is fiscal autonomy. It cannot be total. By definition, a nation cannot permit fiscal secession, independent statelets that amount to real-life versions of Passport to Pimlico. But, at present, the funding system is badly imbalanced, tilted in Whitehall's favour. A correction is needed, to give local government much greater authority to set taxes. In Australia, 87% of local government spending is self-financed. In Canada, the figure is 83%, while in France it is 72%.
Austerity policies were an economic failure and a social disaster but the Tories still managed to win an election with them. The question of how this was possible is crucial if Labour or anyone else on the left ever wants to win an election again.
It is easy to be cynical about the Northern Powerhouse. Critics have already labelled it as tokenism, or an afterthought from the Conservative Party to appease concerns that it does not think beyond its traditional strongholds. But it is more than that. Furthermore, criticising the vision before it has even got off the ground is actually counter-productive in the long run.
Dear Mr Cameron... I write firstly to congratulate you on your election victory which in my opinion was won on the back of the very excellent job that you and George Osborne did in repairing our shattered economy.
While the Chancellor is going to be tied up for at least the next six months conducting a spending review and beginning a renegotiation with the EU Commission, the task of ensuring the economy continues to expand will largely fall to the new business secretary. That, rather than changing the law on strike ballots, will be the biggest issue in Sajid Javid's inbox...
Within hours of the election result, we should have a clearer picture of whether the BBC will survive in its current form. With the current BBC Charter due to expire at the end of next year, the next government will barely have 18 months to consult on the terms of its renewal. It is perfectly possible, if results are only slightly worse for Labour and the Lib Dems than polls suggest, that an unholy alliance of Conservatives, Ulster Unionists from the DUP and a handful of Ukip MPs will see the BBC savaged to a point beyond repair. Its funding, remit, governance and possibly its very existence could be up for grabs.
The aim of this three-part article is to demonstrate that every deficit narrative and soundbite question or statement that you have heard parroted thousands of times are simply tricks aimed to mislead people.
The truth is coming and it cannot be stopped! - Edward Snowden It's funny how claims fall apart so easily when they are held together by the usual...
When the subletting legislature makes its way to parliament, the Chancellor must take care to ensure that tenants remain safe, landlords hold less liability for subtenants, and the housing supply isn't diminished by mass rent-to-rent schemes.
Read the Conservatives' election manifesto and it's crystal clear that they are pledging the £8billion over the course of the next Parliament and not annually by 2020. That is only £8billion cumulatively - far less than the £8billion per year by 2020 that Stevens said was the very minimum needed to adequately fund the NHS.
The national debt doubled, wages stagnating, insecure and low paid work rampant, living standards falling and basic quality of life - having a vocation, a home, a family, being able to eat - becoming ever harder to obtain. The barometers of real economic health - wage growth, household debt, government debt, and productivity - are all pointing the wrong way.