The latest official data are perhaps not as bad as some headlines suggest, but they do confirm that the UK economy made a poor start to 2025. First, the raw numbers. Monthly GDP fell by 0.1% in January, against the consensus forecast of a 0.1% rise, led by a 0.9% fall in the production sector … Continue reading UK economy on a knife edge
Category: Trade policy
Trump’s new tariffs are bad for the US – and probably for Britain too
A recent survey by the pollsters Opinium found that, whatever they may think of Donald Trump as a person, a majority of Brits actually like his policies. In most cases this made sense. But the new-found enthusiasm for trade protectionism is worrying and, if I may say so, distinctly un-British. The downsides are already showing. … Continue reading Trump’s new tariffs are bad for the US – and probably for Britain too
Can Rachel Reeves get growth back on track?
The Chancellor’s big growth speech on Wednesday morning was so widely trailed that it contained few surprises. But it was still the clearest and most coherent statement of her economic philosophy and plans, so far. Before diving into the detail, it is only fair to welcome the change of tone. It has been refreshing to … Continue reading Can Rachel Reeves get growth back on track?
The UK probably should rejoin the Pan-Euro-Mediterranean Convention – but it’s not a big deal either way
First, the short version… In my opinion, the UK should rejoin the Pan-Euro-Mediterranean Convention, which would allow British firms to use components sourced from anywhere within this zone and still qualify for tariff-free trade with other members. This would not be a ‘betrayal of Brexit’, despite what some are claiming. Crucially, the PEM Convention is … Continue reading The UK probably should rejoin the Pan-Euro-Mediterranean Convention – but it’s not a big deal either way
Plain-speaking Economics 