Tag archive for ‘Alistair Darling’
We need a Patient Explanation of Sensible Keynesianism
The political debate in the UK is now all about the size of the state. A recession kicked off by the greed and risk taking of the bankers and financiers has been allowed to flip into a war between the parties about how much public services can and should be cut as we look down [...]
UK’s Labour Government to Push for a Windfall Tax on Banks
The BBC’s Business Editor Robert Peston has announced on his blog that the UK Treasury plans a windfall tax on banks, most likely to be announced next Wednesday in the Pre-Budget Report. Even though the details are not decided yet the reasoning for the one-off tax, that is likely to target bonus payments, is clear:
“It [...]
Credit’s due where it’s due
After writing back in September (see here) at my disappointment that Labour had failed to support Adair Turner’s call for a Tobin tax, I was delighted to see Gordon Brown endorse the idea at this weekend’s G20 summit in St. Andrews.
The UK Prime Minister called for “a better economic and social contract between financial institutions [...]