Search Results for: macpherson

So, farewell then, Nick Macpherson. /You changed our constitution. /Even though. /As some said. /There wasn’t one. /Or that you didn’t.

Nick Macpherson, of course, isn’t dead. But EJ Thribb of Private Eye might well have written something like that about his latest speech, of which there cannot yet remain many more in his capacity as Permanent Secretary to the Treasury, … Continue reading

Posted in Uncategorized | 1 Comment

Macpherson’s constitutional reforms continue

A quick one to note this Civil Service blog by Nick Macpherson, a review of a William Keegan book, and mentioned in a Tweet recently by Danny Blanchflower. Danny picked it up to point out that this blog excuses Labour … Continue reading

Posted in Uncategorized | 4 Comments

Media silence on the Nick Macpherson constitutional question

Last week the UK underwent a surprising constitutional change, and one that seems to have gone without much comment or analysis in UK media, as pointed out to me in an email from Jonathan Portes.  The Treasury’s top civil servant, … Continue reading

Posted in Uncategorized | Leave a comment

The UK constitution and Nick Macpherson’s letter on a Scottish Currency Union

Yesterday [13 Feb 2014] was a big moment in the  life of the UK constitution.  As part of an all party media campaign to communicate that no possible future UK government would agree to a currency union with a putative … Continue reading

Posted in Uncategorized | 1 Comment

Would the UK Treasury have headed off the financial crisis if the BoE had not been independent?

Probably not, it seems. Nick Macpherson was interviewed by the FT, and, amongst other things, pointed out that the financial stability team there was ‘quite small’ before the financial crisis hit, using the number 20.  Alex White from the Economist … Continue reading

Posted in Uncategorized | Leave a comment

The BoE and the Brexit debate

Written in haste during a visit to South Africa, talking about fixing monetary and fiscal policy after the crisis [slides here], and recapping on recent tweets for those who don’t do Twitter. Yesterday, Carney appeared before Treasury Select Committee and … Continue reading

Posted in Uncategorized | 4 Comments

The Krugtron, confidence and models

Paul Krugman, Brad DeLong, and Larry Summers have been having a debate about just why they think the Fed might have been premature in raising interest rates.  The conversation surfaced a disagreement between Krugman and Summers over the legitimacy of … Continue reading

Posted in Uncategorized | 13 Comments

Dutching the fudge: enlarging the OBR’s role to scrutinise manifestos

Simon Wren-Lewis calls for an extension of the remit of the Office for Budget Responsibility, (OBR), the fiscal watchdog set up by Coalition Chancellor George Osborne, echoing Giles Wilkes.  The idea is to include in their services the option to … Continue reading

Posted in Uncategorized | Leave a comment

Why Civil Service Department Heads should have one eye on future governments

A document listing the desired attributes of a future leader of a Ministerial Department has caused a storm in the UK.  One of its recommendations is that a candidate be able to “balance ministers’ or high-level stakeholders’ immediate needs or … Continue reading

Posted in Uncategorized | Leave a comment