Bob Lyddon

Introduction The new UK government elected in July 2024 has promised a ‘decade of national renewal’, realised through its Industrial Strategy, its Infrastructure Strategy, and the transition to Clean Power.…

We are delighted to publish this new report by our regular contributor, Bob Lyddon. It is about the plans of the UK government to launch a decade-long programme of ‘investment’…

WP 2025-10. Executive Summary Many countries’ Founding Fathers and large portions of academia believed that constitutions, common-sense economics, and people’s vigilance would be enough to restrain taxation and public debt.…

Introduction Governments and other public sector entities have borrowed up to the limit of their debt capacity, and, in the EU, its supranational entities have run up debts themselves. Public…

Introduction The European Commission recently kicked off the negotiation of the EU budget for the next budgetary period, called a Multiannual Financial Framework or ‘MFF’. The period is always seven…

Introduction On 15th July, the UK Chancellor of the Exchequer, Rachel Reeves, delivered a keynote annual address to the City of London (known as the Mansion House speech) in which…

Introduction In previous newsletters we looked at the Brexit Re-set, US tariffs, and unconvincing responses to high government debt. Now we examine the response to all of this in the…

Introduction The scale and servicing cost of government debt are both rising. This will increase the amount of money that governments will have to suck out of economies over the…

Introduction The recent major fall in global stock markets was too large to be solely attributable to Trump’s tariffs. It is an adjustment and possibly the introduction to a period…

Introduction Germany, by releasing its Debt Brake and borrowing more itself, will use up the capacity the markets rely on to bail out the euro. Markets complacently believe the €1.5…