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Economics

(Photo: Getty)

My generation can’t afford to buy a house in London; so what?

28 October 2014 18:58

The UK Land Registry today released its latest report on house prises, showing the ticket-cost of an average home in England and Wales down 2.2 per cent to £177,299 in… Continue reading

104 Comments
(Image: Getty)

Why the UK should should be subject to different rules on European migrants

23 October 2014 11:25

The rest of Europe has, predictably, reacted negatively to the suggestion that the UK should be able to impose some kind of cap on free movement while remaining in the… Continue reading

78 Comments
St Mary's Nursery College in Hampstead, April 1916 (Photo: Hulton Archive collection)

Get me out of here: London is the ‘childbirth capital of Europe’

9 October 2014 10:37

I see that London is now the ‘childbirth capital of Europe’, with the highest birth-rate on the entire continent. London, and the UK generally, previously enjoyed very low birth-rates, among… Continue reading

312 Comments
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The Disappearance of Michel Houellebecq: French chin-stroking at its very best

23 September 2014 14:59

Just when you thought Bernard-Henri Lévy had taken a chin-stroking national stereotype as far as it could possibly go, you open Le Monde‘s business pages and see this. Bernard Maris,… Continue reading

3 Comments
A picture taken after the wedding, in 1925, of John Maynard Keynes and the Russian ballet dancer M Lydia Lopokova.

Team Osborne party with John Maynard Keynes

11 June 2014 13:09

The Chancellor’s economic brain, Rupert Harrison, looked distinctly restless last night, sipping champagne in John Maynard Keynes’s drawing room. Osborne’s chief-of-staff, the architect the evil Tory austerity, did not seem entirely comfortable as… Continue reading

2 Comments
Chelsea Flower Show - Day 2

Monty Don, Kirstie Allsopp and Bear Grylls – we get the TV shows we deserve

22 May 2014 18:04

We’re now on day three of the Chelsea Flower Show, and this year the BBC have taken their coverage to the max. As well as the quotidian hourly slot with… Continue reading

17 Comments
What do you mean, 2.4%?

Ten handy phrases for bluffing on Thomas Piketty’s ‘Capital in the Twenty-First Century’

29 April 2014 15:03

How do you sound clever and au courant in 2014? Easy. You talk knowingly about Capital in the 21st Century, the seminal, magisterial, definitive, landmark, pick-your-coverblurb-adjective book by French academic… Continue reading

77 Comments
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Why Fraser Nelson is wrong about a jobs ‘miracle’

16 April 2014 15:52

In his blog earlier today, Fraser Nelson argues: ‘The UK jobs miracle is happening mainly due to radical welfare reform – the type Labour ducked in office..Under Labour, record numbers… Continue reading

21 Comments
FBL-WC2014-CONFED-PROTEST

The rise of the BRICs and the fall of the JUUGs

2 March 2014 10:35

It was back in 2001 that my good friend Jim O’Neill of Goldman Sachs coined the acronym ‘Bric’, short for Brazil, Russia, India, China. These were the emerging markets that… Continue reading

40 Comments
Preceding each sustained fall in GDP (red line) since 1971 there has been a sharp increase in money and credit (blue line).

A credit boom before each bust

14 January 2014 13:24

Here is a graph that shows the four economic downturns Britain has been through (red lines) over the past forty years. What I find strking is that each downturn was preceded… Continue reading

90 Comments
There is more to immigration than GDP figures. (Image: Getty)

Economists – the scourge of mankind

3 January 2014 11:31

Are there any disciplines on earth as hyped-up and overrated as economics? Every subject depends to some extent on others; you can’t, for example, understand history without a bit of… Continue reading

127 Comments
The average British household will spend £822 this Christmas this year/ But can they afford it? Photo: Evans/Three Lions/Getty Images

British households are still overwhelmed by debt

20 November 2013 14:30

Despite ‘the age of austerity’, Britain still has a debt problem. That’s the conclusion of a new report from the Centre for Social Justice. It suggests that personal debt in… Continue reading

16 Comments
Niall Ferguson, a prominent deficit hawk. Image: PA

America is not facing a debt crisis. Why pretend otherwise?

8 October 2013 14:29

The maths of America’s financial problems are fairly simple. Every year the federal government spends more than it brings in so must borrow to fill the gap. This is fine… Continue reading

43 Comments
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Spectator Play: The highs and the lows of what’s going on in arts this week

4 October 2013 17:18

The latest adaptation of one of Trainspotting author Irvine Welsh’s books is Filth  - a film so filthy that Deborah Ross had to ‘endure’ the film ‘from behind her hands’.… Continue reading

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A group of Indian school children rides a cycle van to reach school near Kolkata. A reminder of how far India has yet to travel. (DESHAKALYAN CHOWDHURY/AFP/Getty Images)

Amartya Sen interview: India must fulfil Tagore’s vision, not Gandhi’s

20 August 2013 11:19

Amartya Sen is Thomas W. Lamont University Professor and Professor of Economics and Philosophy at Harvard University. Sen’s previous books include: Development as Freedom; Rationality and Freedom; The Argumentative Indian;… Continue reading

2 Comments
The Sun Sets Behind The Houses Of Parliament

Michael Sandel interview: the marketization of everything is undermining democracy

22 May 2013 9:41

Michael Sandel is a political philosopher and a professor at Harvard University. He is best known for his  ‘Justice’ course, which he has taught for over two decades. Sandel first… Continue reading

1 Comment
Bangladesh Building Collapse

In Praise of Sweatshops

26 April 2013 10:43

In today’s Telegraph David Blair has a strong and angry piece arguing that we – that is, western consumers – are complicit in or partially responsible for the deaths of… Continue reading

72 Comments
A fruit seller waits for customers in a wet market in Shanghai. China's economic growth slowed to 7.7 percent in the first quarter, data showed. Picture: Getty

China’s GDP shock may be good for everyone in the long run

16 April 2013 11:27

Is the Chinese economy for turning? The country has reported a ‘shock’ GDP growth of only 7.7 per cent for the fourth quarter. Yes, I know — if only Britain could… Continue reading

27 Comments
What do the figures say about Thatcher's economic record? Picture: Getty Images

Margaret Thatcher in six graphs

10 April 2013 12:58

With the debate swirling about Margaret Thatcher’s legacy and her government’s record, it’s worth taking a look at what the cold, hard economic data has to say about her time… Continue reading

54 Comments
Mark Carney, governor of the Bank of Canada, has been appointed the next Governor of the Bank of England. Picture: Getty

Osborne’s coup: Mark Carney is the new Bank of England Governor

26 November 2012 16:52

Hiring Mark Carney may just be George Osborne’s best move since becoming Chancellor. Britain badly needed a break from the failed economic consensus which still hangs around the Bank of… Continue reading

27 Comments
Two ex-Chancellors will soon be debating whether George Osborne's economic strategy has failed. We'll be running debates on Coffee House this week as a warm-up.

Why George Osborne’s ‘Plan A’ has failed – and what to do next

16 October 2012 16:15

Does George Osborne need to adopt a Plan B? This will be the topic for a Spectator debate a week on Monday. But the argument is pretty clear to everyone… Continue reading

71 Comments
The IMF now says that UK GDP was significantly above potential from 1999 to 2008. Picture: Getty Images

The poverty of economics

9 October 2012 13:36

The IMF’s growth downgrades will make tomorrow’s newspaper headlines but the more striking point is its decision to massively rewrite British economic history. As Citi’s Michael Saunders notes (PDF), the… Continue reading

26 Comments
Events at Marikana remind one Africa's bad old days, but the continent is progressing economically. Image: Getty

Africa’s growth spurt

12 September 2012 10:32

When South African police opened fire on striking miners at Lonmin’s Marikana platinum mine, it had all of the hallmarks of the bad old days of the continent – the… Continue reading

1 Comment
The Treasury have been constantly surprised by how weak the downturn is, Roger Bootle argues. Picture: Getty.

Coffee House interview: Roger Bootle

7 September 2012 17:40

Roger Bootle is managing director of Capital Economics, and winner of the Wolfson Economics Prize. As the government launches another attempt at boosting UK growth, the economist, who describes himself… Continue reading

24 Comments
Belgium Brussels JJ Cowperthwaite

Sir John Cowperthwaite and the wisdom of positive non-intervention - Spectator Blogs

21 August 2012 12:17

In a recent piece Stephanie Flanders, the BBC’s economics editor, pondered how the UK economy could be adding jobs while, according to the figures, shrinking by 0.7% during the second… Continue reading

6 Comments