Merkel And Hollande Meet At Baltic Coast

If you want a lesson in how not to run an economy, take the Eurostar

14 August 2014 15:18

For the last five years, politicians of all shades have been banging on about how we should adopt this or that aspect of German economic policy. George Osborne argued in… Continue reading

An Overview Of Eton College

The state should send many more poor children to private schools

29 July 2014 15:08

Better capital makes us richer. That’s uncontroversial when it comes to fixed capital like machine tools and computers, but it’s also true of human capital. Better educated workers create more… Continue reading

Image: Getty

Economic growth starts in the classroom

16 May 2014 11:03

If you want to meet the business leaders of the future, visit a school. The children in classrooms today are the inventors, makers and entrepreneurs of decades to come. If… Continue reading

Image: Getty

Today’s GDP growth figure could mean a political dividend for the Tories

29 April 2014 10:52

Today’s GDP figures are another sign that the recovery is strengthening. The 0.8 per cent growth in the first quarter is equivalent to more than 3 per cent annual growth.… Continue reading

Osborne visits JCB

IMF upgrades UK growth forecast to 2.4% from 1.9%

21 January 2014 14:36

The good thing about economic forecasting is that it’s only right when it’s good news for your party. Today the IMF has upgraded its growth forecast for the UK in… Continue reading

Picture: Carla Millar

Who feels grumpier about the recovery?

25 October 2013 18:15

The Tories were expecting Ed Balls to be a little grumpy today after the ONS’ latest figures showed the economy was growing at its fastest rate in three years. And… Continue reading

GDP Q3 2013

Breaking: Economy grew by 0.8 per cent in Q3

25 October 2013 9:36

As ministers had hoped, today’s first estimate of GDP figures from the Office for National Statistics shows that the economy grew by 0.8 per cent in the third quarter of… Continue reading

George Osborne will be pleased with tomorrow's GDP figures. Photo: Getty Images.

The ‘gangbusters’ economy

24 October 2013 16:53

Tomorrow’s GDP figures are expected to show that the economy is no longer bouncing along the bottom but is now in steady recovery with a second successive quarter of robust… Continue reading


Justin Welby and the Downing Street grid

21 October 2013 11:14

One man who isn’t on message at the start of the government’s economy week is Justin Welby, who has been warning against excessive jubilation at the end of this week… Continue reading


Will David Cameron be sticking his finger up at Ed Balls after the latest service sector figures?

3 October 2013 18:32

Yesterday David Cameron told the Tory conference that he had a new gesture for Ed Balls – a finger pointing upwards to indicate a stream of positive figures on the… Continue reading

Labour Leader Ed Miliband & Shadow Education Secretary Andy Burnham Deliver Press Conference

Wot, no bad news? The bigger problem for Labour

9 July 2013 15:42

Journalists in the Westminster bubble like to point out on Big Speech Days like this that the public couldn’t care a jot about whether Ed Miliband is having a Clause… Continue reading


No triple-dip: GDP up by 0.3%

25 April 2013 9:30

The UK seems to have avoided a triple-dip recession. According to today’s estimate from the Office for National Statistics, the economy grew by 0.3 per cent in the first three… Continue reading

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

The recent fall in productivity is the equivalent of an extra eight-minute cigarette break for every employee, every hour. Picture: Getty Images.

Fag break Britain: four answers to Britain’s productivity puzzle

1 March 2013 11:52

Jobs are being created in Britain, but the economy isn’t growing. In the last year, the number of people in work rose by 2 per cent, but economic output rose… Continue reading

GDP QonQ growth

Worst recovery in history: British GDP shrinks by 0.3 per cent

25 January 2013 9:34

Now we know why David Cameron delivered his Europe speech on Wednesday. It’s time for bad headlines again: the GDP figures just announced show that the British economy is contracting… Continue reading

Robert Chote (L) of the OBR.

We’ve shown forecasts are unreliable, jokes OBR chief

11 December 2012 13:34

‘We’ve done quite a good job at demonstrating the limitations of economic forecasting,’ half-joked Office for Budget Responsibility Chairman Robert Chote at the start of his Treasury Select Committee appearance… Continue reading

This time it's amber. Next time, a red light for Osborne from S&P- unless he can grow the economy.

Citi: Osborne “no longer has credible plans” to tackle debt

7 December 2012 15:24

Britain will lose its AAA rating within 18 months because George Osborne ‘no longer has credible plans to put the debt/GDP ratio on a stable or declining path’ according to… Continue reading

Picture: Getty Images

The Autumn Statement in 7 graphs

6 December 2012 18:18

1. Growth evaporating. The Office for Budget Responsibility once again downgraded its growth forecasts for 2012-13 and, for the first time, also did so for 2014-16. Despite that, the OBR… Continue reading

The Osborne austerity has meant core spending cut by just 3pc over 3 years. Debt is soaring - and voters who wanted him to fix all this will be deeply unimpressed in 2015.

Autumn Statement: Downgrades R Us

4 December 2012 13:45

How much trouble is George Osborne in? We don’t need to wait until his mini-Budget tomorrow, we already know most of it. And we’ll enter that peculiar Budget game, where… Continue reading

Picture: Getty Images

More left the UK for work in the last year than came here for it

29 November 2012 17:52

Net migration to the UK from April 2011 to March 2012 was 183,000, down by a quarter on 242,000 the year before. That’s the headline figure from today’s Office for… Continue reading

David Cameron, the man who delayed the decision on Heathrow for 3 years, calls for an end to 'risk averse' bureaucracy. Image: Getty

The gap between what David Cameron says and what he does

19 November 2012 9:18

David Cameron (and a host of other politicians, including Ed Miliband, Vince Cable and Boris Johnson) will address the CBI’s annual conference this morning. Cameron’s widely trailed speech is a… Continue reading

Lord Heseltine publishes his growth review for Number 10 today. Picture: Getty

Lord Heseltine blasts government’s growth strategy

31 October 2012 9:13

Appointing Lord Heseltine to lead a review of the government’s growth plan was a risky decision as not only was he always going to say exactly what he thought, but… Continue reading

Vince Cable has been vocal about protecting his department's budget from further cuts. But he hasn't succeeded in doing so, unlike his Tory colleagues. Picture: Getty

‘Meeting? What meeting? I wasn’t there!’ Vince Cable forgets key growth committee

30 October 2012 16:23

Business Secretary Vince Cable bewildered a select committee this morning by telling members that a new sub-committee, the Growth Implementation Committee, was yet to meet, before later backtracking and announcing… Continue reading

Ed Balls has no choice but to defend his economic record of the past. Photo: Getty Images.

Can Ed Balls leave his past behind?

25 October 2012 20:24

A large part of the Tory message at the next election will be ‘don’t let Labour ruin the economy again’. One of the things that will help the Tories make… Continue reading

GDP growth isn’t actually all that good a predictor of income growth for ordinary working households. Picture: Getty

When a growing economy still feels bad

25 October 2012 11:34

David Cameron was right; the good news has kept on coming. This morning’s first estimate from the ONS puts GDP growth in the third quarter at 1.0 per cent. Cue… Continue reading