On Monday 20 January, Donald Trump will complete a remarkable comeback when he inaugurated as President of the United States for the second time. But the world economy needs to brace for another outbreak of ‘Trumponomics’ or, as the man himself puts it, ‘MAGAnomics’. So far, investors in US equities have responded positively. In part, … Continue reading Trump’s ‘MAGAnomics’ adds to the downside risks to the UK economy in 2025
Tag: GDP
Is Brexit really costing the UK economy £100 billion a year?
One of the most dramatic claims made by those seeking to reverse Brexit is that leaving the EU is costing the UK economy ‘£100 billion every year’ in lost output, or about 4pc of GDP. Moreover, that would translate into about £40 billion in lost tax revenues, which happens to be roughly the same as … Continue reading Is Brexit really costing the UK economy £100 billion a year?
Labour is gaslighting the public to hide its economic failings
In a recent interview, Chancellor Rachel Reeves insisted that she would not ‘gaslight’ working people over her plans to turn the economy around. Unfortunately, this merely turned up the dial on the irony meter. The new government has consistently made dodgy claims in an attempt to convince voters that the reality is somehow different from … Continue reading Labour is gaslighting the public to hide its economic failings
UK economy has stalled but disaster not yet inevitable
First, the bad news – and there is plenty of it. Updated figures from the Office for National Statistics show that the UK economy failed to grow at all in the third quarter of the year, revised down from an increase in GDP of just 0.1%. Most forecasters, including the Bank of England, expect zero … Continue reading UK economy has stalled but disaster not yet inevitable
Plain-speaking Economics 