To begin with, let’s be clear that the UK’s second quarter GDP data were disappointing. The 0.2% quarter-on-quarter (q/q) fall was the first decline since 2012, and also bigger than expected (the consensus forecast was for no change). What’s more, the UK was, at the time, the only major economy to report an outright fall in … Continue reading Why Q2’s fall in UK GDP isn’t a game changer
Category: Applied economics
If there’s one industry where it should be possible to make a decent case for renationalisation, it’s surely water. The water and sewerage utilities provide an essential service, have many features of a natural monopoly, and need high levels of investment that could, in principle, be financed more cheaply by government. Labour’s 2017 Manifesto claimed that … Continue reading Should English water be renationalised?