The news that net migration to the UK hit a new record of 606,000 last year has understandably rung alarm bells. As Rakib Ehsan discussed here, there is a broad consensus that such high figures are unsustainable and, in some sense, undesirable. Nonetheless, talk of a immigration ‘crisis’ seems overdone. First, it is not obvious … Continue reading Does ‘Brexit Britain’ really have a migration crisis?
Two questions and some answers on the economics of the Coronation
The run up to the Coronation of King Charles III has prompted two questions. First, is it appropriate to spend public money on a royal event in the midst of a cost of living crisis? Second, what will be the overall impact of the long weekend on the UK economy? The first question at least … Continue reading Two questions and some answers on the economics of the Coronation
Why is the UK short of workers and what should be done about it?
In the good old days, economists could gauge the health of the UK labour market simply by glancing at the unemployment rate. The latest official figure is still just 3.7 per cent, which suggests all is well. Unemployment has not been this low since the early 1970s. Put another way, the vast majority of people … Continue reading Why is the UK short of workers and what should be done about it?
National Insurance is still the wrong tax, at the wrong time
Sajid Javid has made a good attempt at defending the increases in National Insurance rates for workers and businesses, arguing that they are both right and fair. But he is still wrong. Speaking to Sky News, Javid said that “when we spend money on public services, whether it’s NHS or anything else for that matter, … Continue reading National Insurance is still the wrong tax, at the wrong time