Monday , September 21 2020
Home / Economy

Economy

And next time?

In the next six weeks we will find out if we are at the start of a Covid-19 second wave.  What we know today is that the number of confirmed cases of Covid-19 in the UK has been growing dramatically from the beginning of July; with the seven day average …

Read More »

It never rains but it pours

The UK government has lost its lead in the polls for the first time since the general election last year.  Despite the many mistakes made in handling the Covid-19 emergency, the government had maintained a lead of some 6 to 9 points over the Labour opposition.  But an Opinium poll …

Read More »

Welcome to real Britain

Prior to 1965, August bank holiday was sensibly held on the first Monday of the month.  A trial period between 1965 and 1970 led to the holiday being moved permanently to the last Monday in August from 1971.  And so, rather than being a summer bank holiday, it became a …

Read More »

The new feudalism

Even before the 2008 financial crisis it was becoming clear that commercial property was facing change.  At the soft end of this change was the rise of serviced offices as an alternative to traditional renting.  The serviced office environment offered far more flexibility – notice periods were shorter than traditional …

Read More »

Inflation at the top – stagnation at the bottom

How do you convince people that the worst recession in living memory is not so bad after all?  One way is to follow the Bank of England’s lead and give so gloomy a forecast at the beginning of the crisis that anything short of the complete collapse of the economy …

Read More »

Levelling up a one-legged stool

“Levelling-up” is the latest unrealisable dream to enter the lexicon of the establishment media.  The idea – which merges the Covid-19 recession with the anticipated shock of a no-deal Brexit at the end of December – is that to remain in government beyond 2024 Boris Johnson’s Tories will need to …

Read More »

A taxing predicament

The UK is on track to record the largest decline in annual GDP for 300 years, with output falling by more than 10 per cent in 2020.  Those are not my words, they are the conclusion of the latest Fiscal sustainability report (FSR) from the UK government’s Office for Budget …

Read More »

The coming pensions pandemic

Facemasks are back in the news this morning as the UK government attempts to spin its messaging through 360 degrees.  Back in the early days of the Covid-19 outbreak, you will remember, the government was keen to explain that facemasks made absolutely no difference to anything.  This was puzzling to …

Read More »

More shadow than substance

In an age when the main function of politicians seems to be no more than making noises to fill the 24 hour news cycle, we should not be surprised by the mediocre hodgepodge of microwaved spending commitments Prime Minister Johnson dressed up as a “New Deal” today.  Most of the …

Read More »

A welcome Covid-19 casualty

As governments around the world wake up to the economic harm caused by the ill-prepared lockdown of their people, the establishment media are keen to ensure that the costs do not fall on the shoulders of their metropolitan liberal class.  Early on, the BBC’s economics obfuscator Dharshini David attempted to …

Read More »