Banditry

Two bald men in ‘fight over comb’ shock

Tax Research has an article criticising the TaxPayers' Alliance for being a bunch of rentaquote extreme-right-wingers who distort the facts to bash Labour, socialism and anyone who thinks taxes should be higher than 1%, and also criticising the media for taking the TaxPayers' Alliance seriously. This is entirely true: the TPA is a lobby group … Continue reading Two bald men in ‘fight over comb’ shock

You draconian what draconian?

Sorry for radio silence, I've been in Istanbul (not Constantinople) doing Exciting but Hardworking things. Quick comment on the budget: many people, mostly on the "we believe in free markets except when, err, I'll get back to you on that one" right, seem to think that the government's rise in beer excise duty spells the … Continue reading You draconian what draconian?

Plastic bags are great – don’t ban them

It's generally a good rule of thumb to oppose anything that's favoured by the Daily Mail, assuming you have the slightest interest in economics or liberty, even if it doesn't obviously sound like a bad idea. Sunny at Liberal Conspiracy would've done well to follow the rule: In one stroke the Daily Mail has put … Continue reading Plastic bags are great – don’t ban them

The problem is you, not the sandwiches

Sorry, has this man actually ever been to London or New York? At present we are offered a 'choice' between an oligopoly of three or four chains, all spending so much money on advertising and formulaic minimalist interiors, that they haven't got enough left over to spend on a filling, so have to make up … Continue reading The problem is you, not the sandwiches

SPV of the week

[Sorry, it's a forward so I can't link the original...] "Munich Re has launched a bond programme under which $1.5bn in extreme mortality risk will be transferred to the capital markets.... Munich Re said that the programme would protect it against an exceptional rise in mortality after a major pandemic or similar event in the … Continue reading SPV of the week

Northern Rock again: why Granite isn’t that hard

If the Northern Rock debacle has done nothing else, it's certainly given a lot of people a great opportunity to rant about things they don't understand. The latest example is Granite, the name used for a collection of Special Purpose Vehicles [*] and associated companies [**] used by Northern Rock. According to hard-left MP John … Continue reading Northern Rock again: why Granite isn’t that hard