There may not be many reasons for optimism about the economic outlook, but one is the relative flexibility of the UK labour market. This should help unemployment to fall back and activity to recover more quickly – provided the government gets out of the way. There is no doubt that many jobs are being lost … Continue reading The UK’s labour market needs to be allowed to work
Tag: unemployment
How will we pay for all this?
The coronavirus pandemic is of course primarily a social crisis, but the fiscal costs are also important. A sharp and sustained deterioration in the public finances could have major implications for future government spending and taxation. Many are already asking 'how will we pay for all this?' and worried about the prospect of 'Austerity 2.0'. … Continue reading How will we pay for all this?
Has Brexit Britain turned the corner?
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?
Plain-speaking Economics 