Today, the Chancellor of the Exchequer announced his Comprehensive Spending Review. The review set out the Government departments’ resource budgets for the years 2021/22 to 2023/24. Here are some of the Chancellor’s main points: New funding that takes the budget for coronavirus vaccines over £6 billion, part of over £18 […]
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Speech in the debate on the Budget Resolutions
On 22 March, I took the opportunity to speak in the debate on the Budget Resolutions. The Hansard record is below (emphasis mine): Mr Steve Baker (Wycombe) (Con): I rise to support the Budget and, in particular, to welcome the Government’s supply-side reforms. This has been a dramatic Budget, and I would […]
Read MoreCentral banks: the problem or the solution? The Jackson Hole Summit this weekend
In my maiden speech in the Commons, I explained how central banks and easy money produce the economic dislocations which result in the business cycle. As the economics posts on this site attest, I have consistently defended the view that our economic difficulties are rooted in the chronically inflationary system […]
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Co-operatives – good for Britain
Co-operatives give people control over the products and services that matter to them. From fan-owned football clubs to farmer-controlled producers, there are nearly 7,000 independent co-operatives across UK. Since the Rochdale Pioneers opened their Toad Lane store in 1844, the co-operative movement has grown to a network of over 3 million […]
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Reducing the deficit – Conservatives: securing a better future
The next in a series of videos which set out how Conservatives are securing a better future for our country: Sajid Javid talks about reducing the deficit.
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Labour’s spending chaos
Via Share The Facts: Labour’s spending plans are in chaos – with Ed Miliband and Ed Balls spending the money from their proposed homes tax over and over again. Last week Balls said the tax will fund the NHS and nothing else: ‘All the money we raised from the mansion […]
Read MoreThe ECB’s bond-buying programme – “a grave menace to our civilisation”?
The European Central Bank has announced a programme of bond-buying of €60 billion a month, to be carried out at least until end-Sept 2016. Monetary policy around the world remains in the midst of a remarkable experiment: money creation is expected sustainably to solve real economic problems. It is possible that […]
Read MoreLabour’s plans would mean £20.7bn extra borrowing next year alone
Via the Conservative Party, “Labour would increase borrowing by over £20 billion in the first year of the next Parliament”: Britain has a clear choice at the next General Election: competence or chaos. We can continue on the road to a stronger economy with a competent Conservative team that have […]
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Speech on Money Creation and Society
A lady in Wycombe recently asked me the following questions: Why is my house valued higher than its worth? Why do crashes keep happening every 8 years? Who owns the money supply and how does it relate to gold? Why haven’t I had cost of living pay rise for 7 […]
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Understanding the Money Creation and Society Debate
Together with colleagues spanning four parties – Michael Meacher (Lab), Caroline Lucas (Green), Douglas Carswell (UKIP) and David Davis (Con) – I have secured a debate on Money Creation and Society for Thursday 20 November. Here’s a quick guide to understanding the debate. First, we have a system of paper or […]
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