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Instead of selling its huge holdings of UK government bonds bought to finance fiscal deficits, which would push up interest rates and hamper economic recovery, the Bank of England could just “retire the debt” (cancel the bonds and write off the losses), suggests fund manager Jim Leaviss. [Read more…]
Britain: a Culture Hostile to Growth
Winston Churchill
This month Liz and I have had the fascinating experience of visiting the places where Winston Churchill – Britain’s wartime leader and its best-known statesman – grew up, lived and became famous, including Blenheim Palace, the Houses of Parliament and the Cabinet War Rooms, with his grand-daughter Celia Sandys as our guide. [Read more…]
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