Ever since the 2016 referendum, Brexit pessimists have been highlighting the damage that they think has already been done to UK GDP by the vote to leave. This narrative is looking increasingly tired. Indeed, last year the UK economy actually grew faster than its peers in the rest of the EU. Now that Brexit is … Continue reading Has Brexit Britain turned the corner?
Economists are divided on whether there will be a significant boost to the UK economy from a reduction in Brexit uncertainty. I’m optimistic and expect growth to accelerate over the course of 2020 and beyond. Others are not, arguing that the best we can expect is more certainty of a bad outcome. Here’s a summary … Continue reading Is the ‘Brexit bounce’ the real deal?
Ever since the 2016 referendum, economists have attempted to estimate what Brexit ‘has already cost’ the UK economy and households. It won’t be a surprise to see some of the most depressing numbers dusted off this week to mark the departure from the EU. But all these studies should be taken with a large pinch … Continue reading Has Brexit really already cost us [insert number here]?
The Labour Party has set out plans “to deliver fast and free full-fibre broadband for all by bringing parts of BT into public ownership and creating a new British Broadband public service”. This is bad economics. There is no doubt that the wider availability of broadband would be a ‘good thing’. Indeed, the case was … Continue reading Labour’s ‘free broadband’ would come at a heavy price
According to Brexit pessimists, the UK economy is already as much as 3% smaller than it would have been if the UK had voted to remain in the EU, and the deal that Boris Johnson’s government has negotiated could reduce GDP by another 7% over the next ten years. Fortunately, neither of these numbers stands … Continue reading What would Boris’ deal mean for the economy?
To begin with, let’s be clear that the UK’s second quarter GDP data were disappointing. The 0.2% quarter-on-quarter (q/q) fall was the first decline since 2012, and also bigger than expected (the consensus forecast was for no change). What’s more, the UK was, at the time, the only major economy to report an outright fall in … Continue reading Why Q2’s fall in UK GDP isn’t a game changer