Category: Applied economics

The UK’s flexible labour market needs to be allowed to do its job

The Treasury is right to begin to wind down the furlough scheme – and not a moment too soon. The UK economy is springing back to life and the labour market is not far behind. It will take a while for this to be confirmed in the official data. We still only have the headline … Continue reading The UK’s flexible labour market needs to be allowed to do its job →

England, the Euros, and the economy…

A few quick thoughts on the economics of the Euro 2020 football tournament and calls for a snap Bank Holiday if England beat Italy in the final. England’s sterling performances during the tournament have been great for the nation’s mood. It has been fantastic to see the country come together and have so much to … Continue reading England, the Euros, and the economy… →

Ignore the gloomsters, the economy is roaring back

The horror! Yesterday we discovered that UK economic output — as measured by GDP — fell by 1.6 per cent in the first quarter of the year, 0.1 per cent worse than the 1.5 per cent originally reported. This is practically a rounding error. To put it in context, as recently as March the Office for Budget Responsibility, … Continue reading Ignore the gloomsters, the economy is roaring back →