Economy: Currency Fluctuations

12.55 pm

Lord Skidelsky (CB)

My Lords, I, too, thank the noble Baroness, Lady McIntosh, for making this debate possible. The most dramatic economic effect of the United Kingdom’s Brexit vote has been the collapse of sterling. Since June, the pound has fallen by about 16% against a basket of currencies. Mervyn King, the former Governor of the Bank of England, has hailed the lower exchange rate as “a welcome change”. Indeed, with Britain’s current account deficit in the order of 7% of GDP—by far the largest since records started—depreciation could be regarded as a boon. But is it? That is the subject of our debate today.

Continue reading “Economy: Currency Fluctuations”

Advertisements

Universities: Freedom of Speech

Motion to Take Note
1.07 pm
Moved by Baroness Deech

That this House takes note of the protection of freedom of speech in universities.

2.22 pm
Lord Skidelsky (CB): My Lords, I, too, thank the noble Baroness, Lady Deech, for making possible this debate. I shall draw your Lordships’ attention to two threats to free speech on the campus. In four minutes I have time for only two threats, but I think that they cover most of the ground.

Continue reading “Universities: Freedom of Speech”

Speech to the Boston Meeting of the Economists for Peace and Security (EPS)

Historians and economists see the world in a different way. Economists tend to see progress in terms of the linear ascent of reason. Historians tend to see progress as an ascent through disaster.

This year’s theme of EPS is the avoidance of a second cold war. It’s a very urgent and necessary topic, for on its achievement rest our hopes for peace and security in the post-communist era.

And by peace – to bring in an economic consideration – I mean a peace dividend – the end of the insane expenditure on armaments, which is the only exception our rulers allow to fiscal austerity.

Continue reading “Speech to the Boston Meeting of the Economists for Peace and Security (EPS)”

Infrastructure Bill

Infrastructure Bill Speech, 18 June 2014

Lord Skidelsky (CB): My Lords, a Bill on infrastructure that is mainly to do with the rearrangement of Whitehall agencies and minor improvements in planning application procedures invites the question of what the relationship is between its provisions and the promotion of investment in infrastructure.

Continue reading “Infrastructure Bill”

Comment on the Wincott Lecture

On 13th November Martin Wolf gave the 2013 Wincott Lecture. Robert Skidelsky provided the comment. You can read Martin Wolf’s lecture, and access charts for this comment, at http://www.wincott.co.uk/lectures/2013

I propose to comment on Martin’s excellent lecture under three heads which all point to the central issue of how sustainable is the welcome recovery now taking place.

Continue reading “Comment on the Wincott Lecture”

How Much Is Enough? – a speech at the Bruno Kreisky Forum, October 2013

When we experience a great shock – when our world, the world – goes off an unpleasant, unforeseen tangent – it is natural to try to interrogate our situation. Why did it happen? What were we doing wrong? Perhaps we were on the wrong track?

We also search for new wisdom from half-forgotten fragments of old wisdom. Our own book, the book my son Edward and I wrote called How Much is Enough? started from exactly such an interrogation.

Continue reading “How Much Is Enough? – a speech at the Bruno Kreisky Forum, October 2013”