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  1. Opinion
  2. Columnists
  3. John Kay
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John Kay

Economics & Business Commentator

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 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.

Email John Kay @JohnKayFT
Email John Kay @JohnKayFT

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Global inequality

Donald Trump’s victory is our post-crisis political reckoning

The post-cold war settlement sowed the seeds of its own demise

John Kay

November 11, 2016 5:57 pm
Heathrow expansion

Britain’s sorry history of big infrastructure policies

Plans for airport expansion and high-speed rail show farce of decision-making process

John Kay

October 28, 2016 3:43 pm
Negative Interest Rates

The twisted logic of negative interest rates

There are simply not enough notes to go around to substitute for holdings of debt, writes John Kay

John Kay

September 9, 2016 5:08 pm
Brexit

Scottish Nationalists succeed where Leavers fail

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

John Kay

June 28, 2016 3:50 pm
Brexit

Pollsters and bookies pose different questions

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

John Kay

June 21, 2016 12:46 pm
Bhs

Capitalism needs new rules to deal with the breakdown of BHS

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

John Kay

June 14, 2016 5:23 pm
Brexit

My British and European identities are intertwined

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

John Kay

June 7, 2016 1:56 pm
Universal basic income

With a basic income, the numbers just do not add up

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

John Kay

May 31, 2016 4:12 pm
Brexit

Democracy is being undermined by ‘responsive’ politics

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

John Kay

May 24, 2016 4:21 pm
Helicopter money

Smoke, mirrors and helicopter money

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

John Kay

May 17, 2016 4:33 pm
Political Populism

West’s political turmoil has been years in the making

Leftwing parties have lost touch with their traditional supporters

John Kay

May 10, 2016 3:54 pm
Warren Buffett

The Buffett model is widely worshipped but little copied

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

John Kay

May 3, 2016 3:04 pm
Pensions crisis

Does it pay to delay taking your state pension?

Deferring the benefit will boost your payments — if you survive long enough to receive them

April 29, 2016 11:36 am
UK infrastructure

Grand projects are worthless if they fail to work

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

John Kay

April 26, 2016 5:38 pm
Tax Evasion and Avoidance

Transparency over tax is not the answer to evasion

Scrutiny of politicians diverts attention from genuinely serious and widespread corruption

John Kay

April 19, 2016 12:39 pm
US banks

Complexity, not size, is the real danger in banking

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

John Kay

April 12, 2016 2:11 pm
Opinion

The enduring certainty of radical uncertainty

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

John Kay

April 5, 2016 3:05 pm
UK politics lobbying

Do not let petty lobbying laws starve the body politic

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

John Kay

March 30, 2016 4:40 am
UK infrastructure

Investment opportunities abound but we must get over the barriers

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

John Kay

March 22, 2016 3:21 pm
Office for National Statistics UK

The UK economy has changed, so must the way we measure it

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

John Kay

March 15, 2016 5:02 pm
UK Budget

Good policy rarely comes from the urge to fiddle

The British budgetary system is particularly vulnerable to the fidgety minister

John Kay

March 8, 2016 2:48 pm
Artificial Intelligence and Robotics

Prepare for the dawn of a second special century

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

John Kay

March 1, 2016 1:20 pm
EU trade

UK trade facts that will be misquoted in run-up to Brexit vote

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

John Kay

February 23, 2016 5:23 pm
Central Banks

Don’t always believe a balance sheet

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

John Kay

February 16, 2016 5:21 pm
London

The advantages of dwelling in a decent timezone

What matters for flight, unlike finance, is that hardly anyone lives south of the equator

John Kay

February 9, 2016 5:10 pm
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