The year 2020 exposed the risks and weaknesses of the market-driven global system like never before. It’s hard to avoid the sense that a turning point has been reachedIf one word could sum up the experience of 2020, it would be disbelief. Between Xi Ji…
Shop prices rise amid driver shortages and Brexit red tape
Retail data shows 0.4% month-on-month increase in August, with 0.6% rise in non-foodUK shop prices rose last month, according to the latest data from the British Retail Consortium, in a sign that driver shortages and the costs of Brexit-induced red tap…
Common Prosperity
Vaccinated Democratic Counties Are Leading the Economic Recovery – “The 520 counties Biden won account for fully 71% of U.S. gross domestic product, while the 2,564 that Trump carried produced just 29%. In other words, America’s economic engine is blue…
So what’s so wrong with labour shortages driving up low wages? | Larry Elliott
For those who are part of Britain’s casualised workforce Brexit isn’t flawed – quite the oppositeThe number of job vacancies has topped the 1m level for the first time. Firms are screaming out for staff. Labour shortages abound. Wage growth is accelera…
Food, beer, toys, medical kit. Why is Britain running out of everything?
Poor pay and conditions for HGV drivers and the loss of many thousands of EU workers are plunging the UKs supply chain into crisisGaps on supermarket shelves. Fast food outlets pulling milkshakes and bottled drinks from their menus. Restaurants running…
China ‘plans to ban’ overseas IPOs for data-heavy tech firms, and proposes algorithm controls – business live
Rolling coverage of the latest economic and financial newsLatest: 996 overtime policy illegalNew proposals for how algorithms usedAlgorithms must comply with law, social ethics and fairness…No disrupting public order, unfair pricing, or harming minorsE…
Covid cases remain elevated as UK travel takes off
Our latest snapshot of key economic indicators also finds cooling inflation and supply chain chaosCoronavirus – latest updatesShare your experiences of the UK supply chain shortage Continue reading…
UK labour shortage hits consumer firms, as car and engine production tumbles – business live
Rolling coverage of the latest economic and financial newsONS: 7% of firms couldn’t get materials and staff in last fortnightTransport and storage firms lagging in the recoveryRetail footfall dropped 2% last weekEarlier:UK labour shortage hits consumer…
Wishful thinking will not close Britain’s widening inequality gap
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…