Covid has made us poorer and increased wealth and educational disparities. Optimism alone cannot fix thisCoronavirus – latest updatesSee all our coronavirus coverageOptimism helps get us through tough times, and the Covid pandemic has had plenty of tho…
The pandemic-induced global slump is just part of a 20-year financial crisis | Larry Elliott
A prolonged malaise caused by deep-seated structural problems has prevented a full economic recovery post-2007Every year since 1978 the world’s central bankers have gathered to chew the fat at Jackson Hole in the Grand Tetons. This year’s star attracti…
As the UK economy bounces back, do we sceptics need to say we got it wrong? | Willl Hutton
Many of us have been confounded by recent figures, but the British model remains flawedBritish capitalism seems to be on a roll. A million job vacancies were advertised in July, a new monthly record. Early signs are that unwinding the furlough scheme, …
The real challenges for Rishi Sunak lie ahead despite drop in public borrowing
Analysis: sense of foreboding will gnaw away at chancellor’s Treasury team as October spending review loomsCoronavirus – latest updatesSee all our coronavirus coverageThere is good news for Rishi Sunak in the latest public borrowing figures. But there …
Sorry, kids: house prices aren’t going to stop going through the roof
HSBC analysis gives a good half-dozen reasons why buying a house will not get easier for years – which is very bad news for most British youngstersAnyone hoping for a property crash is going to be sorely disappointed. The main element of Rishi Sunak’s …
Johnson and Sunak urge UK pensions to back riskier investments
PM and chancellor aiming to ignite ‘investment big bang’ to fuel post-pandemic economic recoveryBoris Johnson and Rishi Sunak will urge UK pension schemes to back Britain’s “entrepreneurial spirit” with billions of pounds of savers’ funds to fuel the e…
The Guardian view on the UK economy: stuck in a rut of low growth, and politics is to blame
A remarkable speech from a senior rate-setter at the Bank of England lays bare the terrible predicament the UK is inOne of the big battles likely to be fought at Westminster this autumn will be over interest rates. This may seem an odd subject for a po…