Category: Applied economics

Universal Basic Income – revisited

In normal times, a welfare system based on handing out cash to almost everybody, whether they need it or not, would be far too expensive, poorly targeted, and distortionary. I’m therefore still opposed to a permanent ‘Universal Basic Income’ (UBI). But these are not, of course, normal times. There is a much stronger case for … Continue reading Universal Basic Income – revisited

First thoughts on the coronavirus outbreak

I’ve not said much about the impact of the new coronavirus, partly because it’s a human tragedy and commenting on the economic and market implications can seem insensitive. It can also be hard not to appear complacent. But given the mounting concerns, reflected in the sharp falls in global equity prices in the past week, … Continue reading First thoughts on the coronavirus outbreak

Has Brexit Britain turned the corner?

Ever since the 2016 referendum, Brexit pessimists have been highlighting the damage that they think has already been done to UK GDP by the vote to leave. This narrative is looking increasingly tired. Indeed, last year the UK economy actually grew faster than its peers in the rest of the EU. Now that Brexit is … Continue reading Has Brexit Britain turned the corner?