It's The World, Stupid...
It's extraordinary how we are stuck in a doom-loop of political/economic nonsense. There are few who are willing to engage with intelligence the true nature of world politics/economics and the relevance of external forces on our own domestic situation here in this now isolated and benighted archipelago of ours. In last week's New Statesman, the estimable young commentator Will Dunn - a man very much after my own heart in such matters - outlines the very poisoned chalice that is the Chancellor of The Exchequer's rôle in the day-to-day running of the UK's finances. In short [you should just chase down his piece in full as I'm not going to précis his article here] he points out some salient facts about exactly how much or little direct influence a chancellor has on the country's economic progress. The bottom line is that it is a thankless task, as most of the key influences on a country's economy are untouchable from their office, and pretty much all external. ...