Nickolai Hubble

Your election debrief, with John Butler and Nick Hubble

The election results are in. But what do they mean for you? We asked The Fleet Street Letter editorial team to untangle the flood of information.

Who does inflation work for?

Ronald Reagan warned us not to unleash inflation. But the Bank of England didn’t listen. It created vast amounts of money. Why? And who benefits?

The date on democracy’s death certificate

European governments are not dancing to the tune of voters. Someone else is pulling all the puppet strings. Or should I say “purse strings”?

How to pay for a war pandemic

The inflation of the 70s was a deliberate government policy. As was the inflation of 2021-2023. It’s how we pay for our wars and pandemic lockdowns.

Investors and politicians beware: the cycle of monetary mayhem is about to change course

History is a cycle of monetary systems. Should we trust the government, the central bank or the private sector with the right to issue money?

Modern Monetary Theory is dead. Long live the Fiscal Dominatrix.

A new theory is spreading amongst the elites who control the levers of economic power. It will guide them to make some shocking policy decisions in coming years.

Inflation’s Fiscal Drag Queens and Bracket Creeps are picking your pockets

Politicians promise they won’t raise taxes. It makes me laugh. And then cry. Because I know there are at least four ways to increase taxation without increasing taxes.

Stockmarkets want to know, who benefits from renewable energy?

It’s not always clear who benefits from technological breakthroughs or economic trends. And yet, that’s precisely what investors need to figure out. Where does the buck stop for wind energy?

Was Liz Truss just the beginning?

Elections have upended the French bond market. Does this mark the beginning of another debt crisis? Are we in for another decade of government bond instability roiling stocks every few years?

Europe shifts right, back to nuclear power

What should investors make of the European Parliament election results? European stocks and bonds are stumbling. But I can already smell the radioactive profits.

The nuclear power epiphany is more fragile than you think

Nuclear power’s big advantage is that we don’t need to build the energy grid or energy storage for renewables. But we still need that grid and storage if we have both nuclear and renewables in the mix.

How to beat the city without having to join it

If inflation is back with a vengeance, cash is a dangerous place to keep your savings. But investing is hard, time consuming and expensive. Right?

National Grid is a canary yearning for a coal mine

If a wind turbine spins, but there is no one around to use its power, does it still generate energy? The answer is, we may find out the hard way.

An ideological revolution shakes the magic money tree of MMT

We’ve seen many narratives come and go over the past few decades. Ways of looking at the world that determined what happens next. Another such shift is upon investors.

Labour’s plans for the OBR are an attack on democracy itself

Centralising judgement over the impact of budget policies in one place will merely enshrine one vision of economics. And the whole point of democracy is to allow different visions to compete

Another reason to buy UK defence stocks?

Reports of unfit German tanks, captured US drones, and jammed missiles and artillery shells are now coming in daily. What does the failure of Western military hardware mean for defence spending?

The election is a shootout in a hall of mirrors

Nothing is more embarrassing to democracy than an election campaign. This time, it’s like all the circuses have come to town at once. But is there something important hidden amongst all the entertainment?

How to foil the eco zealots before the power cuts

The ability of the individual to foil the state using high or low tech solutions is one of the few bright spots that will always be there for you, no matter how dystopian things get.

How the Awkward Squad will define the UK election

Ignore the noise. There is only one thing investors need to focus on in the upcoming UK election: “How big is the Awkward Squad going to be?” That’s how Nigel Farage put it, anyway.

Back to Blackout Britain

I’m growing ever more worried the failing energy transition will end in blackouts. But what would they really mean for Britain? I asked our readers. Here’s what they wrote back…