Ronan Jack - All Articles
In recent years, we have seen a massive financial meltdown due to over-lending, over-borrowing and poor regulation. The Government believes that the current system of financial regulation is fundamentally flawed and needs to be replaced with a framework that promotes responsible and sustainable banking, where regulators have greater powers to curb...
Anyone trying to understand the issue about Icelandic banks and what the Icelandic people owe/don't owe/may owe the UK could be forgiven for being hopelessly confused from following various media reports. Do they or don't they owe the UK money? How much? Have they defaulted on a debt by voting...
As the financial crisis staggers on, lurching from country to country like a drunk from one lamppost to the next, the gap between reality and what the media tell us expands. Across the world, there is a significant restructuring taking place, as financial institutions and the wealthy try to push the costs...
'Dear chief secretary, I'm afraid to tell you there's no money left. Kind regards and good luck.' The now-famous note left for his successor in May 2009 by Liam Byrne, the outgoing chief secretary to the Treasury, was apparently intended as a joke. Almost a year later, as we start...
The Reporting After the March 2011 Budget
24 March 2011
This March 2011 budget was always intended to be fiscally neutral, not changing the government's broad economic strategy. The context is that last June's budget set out the policy direction of deficit reduction, funded largely by public spending cuts and to a lesser extent by tax increases. In this budget, the...
Government Deficit: The Success of Framing the Debate
22 March 2011
The coming budget has been prefaced by much comment about budget deficits and the national debt. Almost every comment from a government minister includes some variant on the theme of having inherited a massive and catastrophic deficit which must be tackled before we submerge under a sea of debt. The government...
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