There is a view that modern, monetary economics renders governments’ debt burdens irrelevant – at least in advanced economies. Yes and no, says Victor Hill.
Chancellor Sunak approached his impossible task with aplomb in the Spring Statement. But the outcome of his measures is highly uncertain. Thankfully, Victor Hill has unearthed a stash of secret memos which provide some explanation.
The Russian invasion of Ukraine has upended energy policy across the globe. The necessary and inevitable ban on Russian hydrocarbons means that the net carbon zero chimera becomes both unfeasible and undesirable, says Victor Hill.
The one nation that can stop Russia’s brutal assault on Ukraine is China. And there are reasons why China will move in this direction soon, explains Victor Hill.
Whatever the final outcome of Russia’s invasion of Ukraine, there will be massive economic, political and geopolitical consequences, says Victor Hill.
Inside the mind of the Master Investor: Jim Mellon reveals his latest thoughts on the markets.
The UK government is losing the confidence of British farmers at a moment when the post-Brexit agricultural dispensation is about to go live. Reduced food security means rising food prices, which will compound the cost-of-living crunch, says Victor Hill.
In what is a dangerous world, governments should maintain not just military defences but also ensure energy and food security. Successive British governments have performed poorly on both counts, argues Victor Hill.
Two years into the coronavirus pandemic, it is now evident that the harm done by lockdowns outweighs the benefits. The consequences for the endgame of this pandemic, and the management of the next one, are profound, says Victor Hill.
Vladimir Putin is ratcheting up the pressure on a western alliance which looks weak, poorly led and fissile. The economic consequences of a conflict could be devastating but fortunately, war is by no means inevitable, says Victor Hill.
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