The unprecedented 20.4 per cent slump in UK GDP in a single month is obviously headline news, but still needs to be put in context. There are three key points. First, the April numbers are old news – about two months old. That’s an awful long time during a rapidly evolving crisis like this. Indeed, … Continue reading It could have been worse
Tag: UK economy
The focus of economic policy is starting to shift from protecting businesses, jobs and incomes during the lockdown towards supporting the recovery. Business lobbies, ‘big state’ think tanks, academics and the TUC are all lining up to call for a huge fiscal stimulus. However, more intervention now could be exactly the wrong choice. Instead, we … Continue reading The economy could pleasantly surprise us at how fast it recovers
Here is a presentation I gave on 13th May on 'Coronavirus and The Economic Value of Human Life (Or - Is the lockdown worth it?)'... Coronavirus presentation (13 May 2020) Happy to discuss further!
The economic data to be reported over the next few weeks will be pretty grim, adding to the social costs of coronavirus. But if you look beyond the headlines, there are at least half a dozen good reasons to be positive about the prospects for the recovery that will follow. First, the recovery has already … Continue reading Six reasons to be optimistic about the economic recovery