economics

The budget, policy and party power

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Like many people, I puzzled over the budget on Wednesday. Many were puzzled by the complexity of working out what the impact of some significant changes in both tax and welfare would be. Others were puzzled—baffled, or just plain wrong-footed—by the mix of proposals. As Nick Robinson said on the BBC that evening, there were … Continue Reading

Who should I vote for?

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A rather strange polarisation seems to have gripped discussion about tomorrow’s election. In his interview with Ed Miliband on the BBC news yesterday, James Landale led with the question: ‘Have you ever run a business? Have you ever made a profit?’ Of course, the answer was ‘No’, and would have been easy for Miliband to … Continue Reading

Labour, business and democracy

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The question of Labour’s relationship with business, and business’ evaluation of Labour’s competence in financial management, has continued to rumble on all week. It started with the proclamation by Stefano Pessina, Chairman of Boots PLC, that if Labour were elected it would be a ‘catastrophe’ for the British economy. Interestingly, this did Boots’ reputation no … Continue Reading

The theology of the Autumn Statement

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The Coalition Government’s so-called Autumn Statement (since when was December in Autumn, I wonder?) was, according to Danny Alexander, the last big financial statement before next year’s election. So it seemed appropriate to try and offer some theological reflection on it, as it sets out the stall of both parties (to some extent) in the run-up … Continue Reading

Church investment: unethical? Unbiblical?

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The historic investments of the Church of England are managed by the Church Commissioners, who are formally independent of Church leadership though report to General Synod. They hit the headlines in the 1980s when they lost a staggering £800 million, largely through unwise property speculation, and though there have been glitches since then, the financial … Continue Reading

The most important election issue

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Polly Toynbee has set out a devastating critique of the Coalition Government’s latest initiative in its strategy of outsourcing. The most terrible power the state can wield is to take children away from their parents for ever. The idea that companies such as Serco and G4S, already under investigation by the Serious Fraud Office, should be invited … Continue Reading

The problem with capitalism

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It is not often that a long, technical economic treatise becomes a best-seller. But this is just what has happened with Thomas Piketty’s massive volume Capital in the Twenty-First Century, running as it does to 640 dense pages which includes an enormous amount of economic data and its analysis. Even if that had not happened, as Jeremy … Continue Reading

Famous, Rich and Hungry…and Human?

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I was incredibly moved by the second episode of Famous, Rich and Hungry tonight. If you didn’t get a chance to watch it, then do so if at all you can. The four wealthy celebrities  each moved to a second location, to see if they could apply what they had learnt from their first experiences … Continue Reading