Category Archives: Nick’s Blog

I had a piece in The Times this week confronting the ongoing tension between deficit reduction and our most beloved public services, like the NHS. There’s only one way to sustain the NHS and reduce the deficit — and the … Continue reading

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The chancellor has today committed himself to the goal of full employment. That’s a very good thing. But what does it mean in practice?

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Most discussion on what’s happening to the housing market focuses on whether it is overheating again, as the government’s Help to Buy scheme helps to inflate another housing bubble. A less-noticed problem, however, is what the housing market does to … Continue reading

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Thomas Piketty’s book, Capital in the 21st Century, is attracting considerable attention, on both sides of the Atlantic. It has a striking central thesis, namely that historically the rate of return on assets has been consistently higher than the rate … Continue reading

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The Coalition’s child poverty strategy has been derailed by an argument about definitions and measurement, which offers no practical help for the millions of families struggling on a low income. Despite the difficult fiscal context, the Coalition could have set … Continue reading

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Published alongside the good unemployment figures today were less welcome new statistics showing another big increase in the number of sanctions applied to people in receipt of jobseekers’ allowance (JSA). In the 12 months to September 2013, a total of … Continue reading

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While economic debate in the UK continues to be dominated by government borrowing and living standards, policymakers are paying insufficient attention to Britain’s position in the global economy. Here, we really are living beyond our means – and have been … Continue reading

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Last night I gave a lecture at Warwick University on political leadership in a ‘post-democratic’ age. I take Max Weber’s famous lecture, Politik als Beruf, as a starting point for discussing how we should think about political leadership in contemporary … Continue reading

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The Labour leadership is evidently never going to accept that pre-crash overspending was responsible for the deficit, and with good reason. Under Labour, the UK entered the recession with a structural current deficit of only 0.6 per cent of GDP. … Continue reading

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I’ve co-signed a letter to George Osborne and Vince Cable, published in today’s Financial Times, which calls for the collection and publication of UK land market prices, which ceased in 2011, to be resumed. Its absence makes it much harder … Continue reading

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