UK Economy

Why the next Tory leader should listen to Philip Hammond

14 June 2019 17:32

Philip Hammond is up to one last trick before bowing out – and it’s a good one. The Chancellor has…

Why didn’t the experts warn us about the Remain Recession?

10 June 2019 13:45

The economy would tank. Trade would collapse. Unemployment would soar, and house prices would sink. In the run-up to the…

Why we should all be eating out more

11 April 2019 22:39

Trade associations are even better journalistic sources than talkative taxi drivers. If you want to know what’s happening in the…

Britain’s economy is not suffering as much as the doom-mongers insist

24 August 2018 12:35

This piece first appeared as the leading article in The Spectator.  Economies run on confidence — as Franklin D. Roosevelt…

Is the UK uninvestable?

19 March 2018 16:23

It is always a pleasure to spend time in the company of Messrs Neil, Nelson and Forsyth. True to form,…

A solution to Britain’s productivity problems could be on the horizon

18 September 2017 18:56

The UK economy suffers from low productivity. Productivity measures output per person, or per time worked. If productivity was higher…

Is George Osborne destined to be a lame tribute act for proper Labour politicians?

29 January 2016 13:38

Claiming credit for things that are nothing to do with you is where trouble starts in politics. You can claim…

George Osborne has made his own ‘dangerous cocktail’ of economic risk

7 January 2016 12:54

When David Cameron said this week that he is worried his children would not be able to afford to buy…

Why is George Osborne sounding so gloomy?

7 January 2016 10:15

You might have been forgiven for thinking that things were going swimmingly economically at the moment, given George Osborne managed…

Pay rises go further: inflation is (just above) zero.

15 December 2015 10:26

Anyone hoping for an inflation-linked pay rise in the new year can forget it. The only good news in today’s…

Jobs miracle or low-pay disaster? Andrew Lilico and David Blanchflower debate

14 December 2015 10:00

Dear David, From Q2 1979 to Q1 1981, quarterly real GDP fell in the UK by 5.5%. Unemployment rose rapidly,…

Goodbye deflation, hello low-flation

16 June 2015 11:12

Reports of deflation’s death are exaggerated – sure, the CPI index has risen from -0.1pc in April to +0.1pc in May. But many…

Why both the Tories and Labour now want a fight on the economy

14 December 2014 10:01

Tomorrow, in a sign of how keen the Tories are to keep the political debate focused on it, both David…

How to defuse Britain’s £1.45 trillion public-debt time-bomb

29 October 2014 10:13

Last week’s public-finance statistics were truly dreadful. They showed that despite a year of fairly robust economic growth, UK government…

Ed Miliband’s windfall tax on tobacco to fund the NHS is economically illiterate

20 October 2014 13:13

The ‘windfall tax’, a concept introduced in the UK by the Blair government, is by definition a one-off seizure of…

George Osborne has won over the IMF to austerity. Now can he win over Eric Pickles to planning reform?

6 June 2014 14:56

Fresh from celebrating the Tories’ victory in Newark, George Osborne is continuing a very joyful day by celebrating the International…

It’s official: smaller state and welfare reform leads to jobs record

16 April 2014 9:53

The British jobs miracle continues, with unemployment now down below 7 per cent and employment at an all-time high of…

An EU referendum isn’t ‘bad for the economy’ – businesses want it to happen

18 February 2014 10:30

Mark Carney has been a very successful Governor of the Bank of England. Since coming to office in June last…

David Cameron is dangerously complacent on shale gas regulation

16 January 2014 11:13

Late on Tuesday afternoon, and within minutes of each other, two separate hearings in the Palace of Westminster examined the…

Sorry, Ed. But it looks like Britain is now booming

5 November 2013 11:26

Things are lining up nicely for George Osborne’s Autumn Statement next month (and fairly badly for Ed Miliband, who’s making…