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British debt is much worse than Spain’s. And more is on the way.

  Can it really be that, only seven years ago this month, a quarter of a million people, all dressed in white, encircled Edinburgh in the campaign to Drop the Debt of developing nations? It seems like a different world, now that countries like Britain are drowning in their own debts – which make the debts … Continue reading

Epitaph for the Age of Irresponsibility

     “An epitaph for an age of irresponsibility”, is how the Chancellor, George Osborne, described the Barclay’s Libor-fixing scandal in the Commons last week. It was, he went on: “symptomatic of a financial system that elevated greed above all other concerns and brought our economy to its knees”. If even a Tory Chancellor has … Continue reading

Lords reform could be the missing link to devolution max

The SNP said this year’s rebellion by Tory MPs on reform of the House of Lords was confirmation that “Westminster cannot be trusted on constitutional reform”. The only way Scots can ensure that the unelected Upper House has no say on Scottish affairs, they say, is to vote Yes to independence in 2014. Oh, and … Continue reading

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