When the world is changing, maintaining the old order via government subsidies is absolutely the wrong thing to do.
This is an important book. Whatever one’s views on immigration in general, whether for or against, it is a fact of life; a large number of immigrants both from within and outside the UK already live in Wales, and nothing is more certain than the fact that many more will arrive in future. How Wales reacts to their presence will have a vital bearing on the country’s economy and culture for years to come.
What sort of policies should pro-market parties be advocating as Wales recovers from the aftermath of COVID-19 and seeks to rebuild?
As we come towards the close of our first full year in existence as a party, political life in Wales is becoming more interesting than ever. While the red wall held for the time being in South Wales, there’s every reason to believe that the Labour Party’s long dominance over Welsh life is coming to an end and there’s everything to play for.
Terry Breverton is the author of over forty books on Welsh history, and has had a successful career in business and in academia. He now lives in Penarth. He has…
It’s now a full week since nominations closed and the General Election campaign began in earnest. We had hoped as a party to put up four candidates, one in each…
In this final part, I shall discuss how different countries’ currencies are valued relative to one another, and the link between currency value and economic performance. Then (at last!) I shall be in a position to apply all this to Wales.
The system which is in use across the world today, called ‘fiat currency’, is a sort of hybrid between the Gold Standard and ‘free money’. Despite how much we depend on it in our everyday lives, what it is and where it comes from is not often thought about, and is poorly understood – even, or perhaps especially so, amongst our political class. In this article, I shall do my best to explain it and lead into the next and final part of this short series, namely a proposal for how an independent Wales’s currency should work.
Throughout history governments have found the need to borrow money; even before mass democracy, every population’s demand for services has exceeded their willingness to pay taxes…
In this post, I shall go through some background, explaining how money went from being based on gold and silver coins which had value in their own right, to being tokens issued by governments representing a share in the nation’s wealth. We’ll see how this led to governments being at the mercy of international banking cartels, dominated by a few fabulously wealthy families (one of which was Welsh).