Debt

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…

On July 4, 2025, President Trump signed the “One Big Beautiful Bill Act” (OBBBA) into law—a sweeping package of tax cuts and federal spending presented as a patriotic revival of…

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 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 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…

Since their revival in the late 19th century, the Olympic Games have captivated global audiences. Cities often compete eagerly to host the Olympics, driven by promises of economic growth, infrastructure…

Introduction The stimulus package for the Chinese economy, presaged by the People’s Bank of China in late September, has disappointed in its size and detail, but it has achieved something…