Category: UK economy

Would a ‘no deal’ Brexit really cost three times more than Covid?

Brexit talks resumed this week with growing hopes that a trade deal can be done in time for the October EU summit. This follows speculation that the UK has softened its position after Boris Johnson was ‘shocked by a London School of Economics report suggesting that no deal would cost Britain up to three times … Continue reading Would a ‘no deal’ Brexit really cost three times more than Covid?

Is the UK heading for a ‘tsunami’ of job losses?

Today’s headlines understandably focus on the latest rise in unemployment, especially among the young. Losing a job is potentially a life-changer for many people. But it is no shock that the UK labour market has weakened given the depth of the Covid recession. The real news is that the deterioration is not as bad as … Continue reading Is the UK heading for a ‘tsunami’ of job losses?

Sunak’s ‘tax bombshell’ is likely to be a damp squib

Here we go again… another day of alarming headlines about a tax ‘bombshell’ set to hit as soon as the Autumn Budget, with a ‘state pension grab’ chucked in too. Fortunately, there isn’t much substance in any of this – at least not yet. Let’s start by contrasting what the Sunday newspapers are saying. The … Continue reading Sunak’s ‘tax bombshell’ is likely to be a damp squib