By Bob Lyddon – 3 minute read LABOUR’S ‘borrowing for investment’ will part-finance the Net Zero transition in a repeat of New Labour’s Private Finance Initiative and the EU’s InvestEU, and cost the UK nearly £7 trillion. The Labour Government’s Climate Change Committee’s Carbon Budgets are a dangerous fiction in that they exclude these financing costs. [...]
By Bob Lyddon – 4 minute read LABOUR’S new ‘iron’ fiscal rules will open the floodgates to ‘borrowing for investment’, under the Government’s new measure of the national debt, called ‘Public sector net liabilities’. That is the message of my paper ‘ ‘Borrowing for investment’ – what is meant by this statement in theoretical terms’ published [...]
By Bob Lyddon – 4 minute read Why there is no chance of spending being covered by revenue by 2029 in compliance with Labour’s ‘iron’ fiscal rule LABOUR HAS lost control of the public finances. Day-to-day costs have been increasing. There was a ‘black hole’ but not the one claimed by Chancellor Rachel Reeves. The Labour [...]
By Bob Lyddon – 4 minute read THE UK’S DEBT is already nearly the same size as the whole UK economy and is continuing to increase. The Labour Government’s plan to introduce a new measure of it, so as to understate it, is already so far from reality it cannot fool the public, investors, and public [...]
By Bob Lyddon – 6 minute read A VOTE FOR LABOUR was always going to be a no-risk action – as my Global Britain paper suggested, the result was certain disaster. Now it unfolds...
