The IMF is the latest official body to predict economic catastrophe – or at least a prolonged recession – if the UK leaves the EU without a deal. To be fair, the analysis presented in the IMF’s April World Economic Outlook is a good example of its kind and relatively easy to understand. Nonetheless, the conclusions are … Continue reading Why the IMF’s no-deal Brexit warnings are way over the top
Common Market 2.0 would be a Brexit capitulation too far
The 'Better Brexit’ website provides a clear explanation of the proposal known as ‘Common Market 2.0’, or 'Norway Plus', which is being pushed hard as a solution to the current impasse in parliament. However, it also exposes the fundamental weaknesses of this plan. Rather than being a reasonable compromise, my fear is that it would … Continue reading Common Market 2.0 would be a Brexit capitulation too far
Is the UK economy £100bn smaller because of austerity?
In a thought-provoking blog for the New Economics Foundation (NEF), Alfie Stirling has made the striking claim that the cumulative effect of austerity since 2010 has been to reduce the level of UK GDP in 2018/19 by 4.7%, or almost £100 billion. This is equivalent to “around £1,500 for every woman, man and child this year alone”. … Continue reading Is the UK economy £100bn smaller because of austerity?
Should the prices of family holidays be capped outside term time?
A day rarely seems to go by without fresh calls for the government to control the price of a good or service in response to some perceived unfairness. The latest example is the outcry over the higher cost of holidays taken outside school term times. But this outcry also illustrates why, more often than not, … Continue reading Should the prices of family holidays be capped outside term time?
