Bank of England confirms rich made richer by QE

Will a politician have the courage to make the case for measures to deliberately redistribute from rich to poor if only to correct the redistribution that has taken place in the opposite direction as a result of QE?

Ring-fencing the NHS and schools is no longer viable

The chancellor went on the Today programme this morning to trumpet his success in getting seven government departments to agree on their budgets for 2015-16 as part of the Spending Review that he will announce on 26 June. It is reported that they have all agreed to cuts of between 8 and 10 per cent.

Energy of the future: Transforming Germany’s energy system

Ensuring a reliable, economically viable and environment-friendly energy supply is one of the great challenges of the 21st century. In 2011 Germany embarked on an ambitious programme to transform its energy system. In future, Germany’s energy supply will be generated primarily from renewables.