Yves here. We’ve sometimes addressed why negative interest rates are a bad idea. A corroborating data point: Sweden ditched its negative interest rate experiment in 2019, and said in mumbled economese that it didn’t do what it was supposed to do.
It been remarkable to witness the casual way in which central banks have plunged into negative interest rate terrain, based on questionable models. Now that this experiment isn’t working out so well, the response comes troubling close to, “Well, they work in theory, so we just need to do more or wait longer to see them succeed.”
But Mr Gordon fails to give a wider context to the next election. There are people like me, who are not members of the SNP, but regard independence as vital for Scotland, after more than a century of relative decline, and who will vote for the SNP to attain that goal. There are also many voters who discount much of the media content about the SNP, because the media has indulged in “knocking copy” about the SNP for at least two decades. Cry wolf too often. Nor is there any mention of the lamentable opposition. Alison Rowat ( Even HQ thinks Scottish Labour is a waste of space , The Herald, February 4) nails Scottish Labour to the mast of a Viking funeral ship.
| UPDATED: 14:21, Wed, Dec 30, 2020
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Chancellor Rishi Sunak’s projected cut to overseas aid budget announced last month has led to the development of a cross-party revolt, the Daily Telegraph reported. One senior insider in the rebellion told the paper there is every likelihood that the Government will be obliged to back down as it is clear that the rebellion, when it comes, will be well organised and compelling”.