The latest surge in gilt yields - which represents the cost of new borrowing by the UK government in the bond market - is yet another shock that the already fragile economy could do without. To be fair, this crisis is not entirely the making of Rachel Reeves and her October Budget. Bond yields have … Continue reading What to make of soaring bond yields
Tag: OBR
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
EU’s legal battles with Britain show Starmer’s ‘reset’ is a fool’s errand
The prospect of a ‘reset’ of the UK’s relations with the EU has excited some and alarmed others. This muddle of emotions has not been helped by a barrage of misinformation from supporters of much closer ties with the rest of Europe. So, how worried should we be? To be fair, the opening of negotiations … Continue reading EU’s legal battles with Britain show Starmer’s ‘reset’ is a fool’s errand
Plain-speaking Economics 