SNP has succeeded where Leavers failed

EDINBURGH, SCOTLAND - JUNE 16: Scottish Green Party co-convener Patrick Harvie, Ruth Davidson leader of Scottish Conservatives, Kezia Dugdale leader of Scottish Labour and Scottish First Minister, Nicola Sturgeon pose with supporting MSPs as they gather outside the Scottish Parliament with vote remain EU banners on June 16, 2016 in Edinburgh, Scotland. With one week to go before the EU referendum on June 23rd campaigning by the 'In' and 'Out' campaigns are stepping up a gear. (Photo by Jeff J Mitchell/Getty Images) *** BESTPIX ***

The great achievement of the SNP is to be a party of protest and of government at the same time

Ingram Pinn illustration

The questions from pollsters and bookies

What does the probability of Remain is 52 per cent or 75 per cent mean?

BHS Philip Green composite for UK Front

Capitalism needs new rules for BHS

America’s Chapter 11 bankruptcy legislation provides the elements of a solution to these problems

I am Scottish, British and European

The rational debate is not over sovereignty, but about who is best able to deliver services

Basic income numbers just do not add up

Proponents prefer to keep the argument at the level of principle rather than grubby practicalities

Democracy eroded by ‘responsive’ politics

Proper decision-making is through representatives who will trouble to evaluate the relevant facts

James Ferguson illustration

Smoke, mirrors and helicopter money

Proponents aim to persuade people to endorse a plan they would reject if it were explained simply

Roots of political turmoil in the west

Leftwing parties have lost touch with their traditional supporters

A worshipped but little copied model

The shareholder weekend has the spirit of a cult based on informality

Big projects worthless if they don’t work

Britain’s plans have succumbed to the political imperative for soundbites and love of the grandiose

Tax transparency will not stop evasion

Scrutiny of politicians diverts attention from genuinely serious and widespread corruption

Complexity is the real danger in banking

Scale is not the problem; Lehman had fewer employees than Citigroup today has compliance staff

Enduring certainty of radical uncertainty

If you had described your iPhone in 1976, Friedman would not have understood you

Petty lobbying laws and the body politic

The quality of debate matters more than the misuse of small amounts of charitable funding

We must get over the investment barriers

There is a crying need for more airport capacity, new homes and greater electricity generation

We must change how UK economy is measured

Official statisticians have compiled data in the same way for 75 years

Restraint is the best policy

The British budgetary system is particularly vulnerable to the fidgety minister

A second special century is dawning

If we trust robots to undertake surgery, why should they not offer pedicures?

The facts in the run-up to Brexit vote

World commerce is not a contest. It is a mutually beneficial exploitation of competitive advantages

Don’t always believe a balance sheet

Derivative exposures sound alarming until you realise that they’re largely netted out

ABOUT JOHN

John Kay John Kay has been writing a column on economics and business since 1995. He is currently a visiting professor at the London School of Economics. He also had a career in the policy world which established the Institute for Fiscal Studies as one of the most respected think tanks, and a business career.

John has published many books, including Foundations of Corporate Success (1993), The Truth About Markets (2003) and The Long and the Short of It: Finance and investment for normally intelligent people who are not in the industry (2009). His latest book, Obliquity: Why our goals are best achieved indirectly, was published by Profile Books in March 2010.

E-mail John Kay

To receive an email alert for John Kay, sign up at the top of any his columns.

SHARE THIS QUOTE