Looking at the news and opinion out of London each day.
Labour’s attempt to make a crisis out of the modest slippage in the English NHS seeks to ignore the far worse performance on waiting times in the Welsh NHS which they run.
The balance of the argument is strongly against them. But this might change – and there are few absolutes when the balance of liberty and security is weighed.
After all, they deserve a vote – and they can be trusted with one too.
The more I think about the halving of the oil price, the more significant it seems. The scale of the change makes it difficult for commentators and forecasters to think it all through and understand the magnitude of what has happened so far. There is reluctance to simply assume that in future oil revenues will be under half the levels of last year. Prices might go up again.
A Syriza win could put the eurozone back into crisis – and push the economy back to the top of the UK agenda
It means: Question To Which The Answer Is No. (Copyright: John Rentoul of the Independent on Sunday.)
This week has seen two important developments in the evolution of the Euro. Senior European lawyers have given guidance which many see as indicating the ECB does have the power to create new money to buy up government bonds in the zone, despite heavy German opposition. The Swiss franc, which was linked to the Euro in a desperate effort to stop people fleeing the Euro to buy the Swiss franc has given up the struggle and is now being revalued against the weakening European currency.
George Osborne is clever enough to know he can’t win – and to know a man who can
The UK has a large state debt. This is the accumulated borrowings taken out by successive governments to spend more than they collected in taxes over many years. These borrowings do not suddenly have to be repaid. They are regularly refinanced or rolled over, as bonds issued become due for repayment. The UK tends to have longer term borrowings than many other countries, and can currently borrow very long at low interest rates.
The Leader of the Opposition is so palpably the underdog that he might yet sweep to victory by attracting the sympathy vote.
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