Tag: bank of england

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 →

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 →

Forget Bitcoin’s latest collapse, digital currencies are still the future

The latest slump in the prices of Bitcoin (and many of its peers) has put a serious dent in their credibility as a reliable means of payment, let alone as a store of value or a sound investment. But this is certainly not the end for digital currencies. If anything, the crash in the prices … Continue reading Forget Bitcoin’s latest collapse, digital currencies are still the future →