Many people have written about how the ‘spectre of inflation’ has returned to haunt investors. In fact, the financial markets are still remarkably sanguine, reassured by dovish comments from central banks. This was reasonable in the depths of the Covid recession. Now it looks increasingly complacent. There has already been a sharp rise in government … Continue reading How much should we worry about inflation?
Category: Applied economics
In 2010, Liam Byrne left a note to his successor as Chief Secretary to the Treasury which famously read “I’m afraid there is no money”. After all, annual borrowing had just peaked at a record £158 billion, and the stock of debt was about to top £1,000 billion for the first time. Roll forward a little over a … Continue reading Is there any money left?
Brexit pessimists are having a field day following official confirmation that UK exports to the EU slumped in January – and they have a point. Anything that increases the cost of doing business across borders was always likely to reduce trade. Nonetheless, the first month’s trade figures after the end of the transition period are … Continue reading Is Britain winning or losing from Brexit?
To be frank, I don’t have a strong view on what nurses should be paid, though I probably wouldn't begrudge them a bigger increase than 1%. Instead, this blog seeks to draw attention to some of the pitfalls in how others are presenting their case. For a start, it seems odd to make up your … Continue reading “Lies, damned lies, and statistics on NHS pay”