The real ‘news’ in today’s official GDP data for Q2 is not that the UK economy shrank for a second successive quarter in the three months to June, thus meeting the usual definition of a ‘recession’. That was a racing certainty anyway given the collapse in economic activity in April and the limited recovery in … Continue reading A glass-half-full take on UK GDP
The UK government’s daily coronavirus briefing on Friday drew more attention to a question that has already been troubling many people: could the wider economic and health impacts of the fight against Covid-19 actually do more harm than the virus itself? My view, for what it’s worth, is that it is right to err on … Continue reading Could the lockdown cost more lives than it saves?
Toby Young has been given plenty of stick for an article which asked whether the UK government has overreacted to the coronavirus crisis by locking down the economy, and which concluded that it had. In my view, he was right to pose the question, but gave the wrong answer. The thrust of his argument is … Continue reading Is it worth it?