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The North Sea still matters to Britain. It supports thousands of skilled jobs, generates billions in economic activity, and — when profitable — is taxed at up to 78%, including the Energy Profits Levy. But it is also a declining basin, and how Britain manages that decline has major fiscal consequences. Because when production ends,…
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💷🏠Millions of homeowners, renters, borrowers and savers could be affected by what happens to UK interest rates next. First, something important: Andy Burnham does not set interest rates. The independent Bank of England does. But that doesn’t mean government decisions don’t matter. 🏦 What Could Actually Happen? If Burnham’s government increases borrowing or spending significantly,…
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🔒🏗️England and Wales already have roughly 86,000 people behind bars, yet the political reflex remains remarkably predictable: we’re running out of cells, so fetch the cement mixer. But prison overcrowding is the end result of a much larger machine — court delays, remand, recall, sentencing policy, inadequate rehabilitation and overloaded probation. Building thousands more cells…
Chameleon Blog
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Ian McEwan
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