Yep but when Americans indulged their fascist fantasies and elected the criminal monster we were always going to end up here.

The metric Labour should have come into office with was always 2010. When they pledged not to raise tax they stymied that goal. No doubt lots of backslapping among advisors during the campaign when IFS analysed their manifesto pledges and came up with a tiny bar chart. Paying for it now though

In the context of Britain, yes he is. I don’t care about leaders of France or Germany, they have gargantuan problems themselves.

Ah Australia, that hostile land where the travel writer Bill Bryson famously observed that the ‘fluffiest of caterpillars’ could kill a man.

In the end Bond ‘markets’ are simply ‘us’. Bond markets are concerned with inflation, they are not arbiters on the morality of government policy. If they were they would not have bought any gilts in the last 5 years. But gilts continue to be oversubscribed.