The combined challenges of an economic slowdown, rising energy costs and the transition to net zero loom over this governmentLong before there was talk of an energy crisis, the government had been looking vulnerable. Economic growth is slowing and infl…
Whether it’s homes or jobs, our dreams are moving further out of reach every year | Mark Blyth
From the warped housing market to the ‘knowledge economy’, the system increasingly works only for the uber-wealthyI travelled to New York City in August for the first time since the pandemic began, to visit friends who had just bought their first home….
The global supply chain crisis could fuel a severe dose of stagflation
Economic observers should heed the warnings now – rising prices and slowing growth are a very real threatHow will the global economy and markets evolve over the next year? There are four scenarios that could follow the “mild stagflation” of the last fe…
An Absolute Magnet for Bad Tempered Online Debate
Do Taxes Fund Spending? But, of course, this is the whole point of “Modern Monetary Theory” – as I regularly and apparently irritatingly point out, the first word of that phrase is an adverb modifying the adjective, not an adjective modifying the noun….
America is a Pyramid Scheme
America is a pyramid scheme. “It relies on people buying into the American Dream and then working hard to get to the top. But of course – almost no one does. Beneath each successful person in America is a downline of unpaid and underpaid labor.” So re…
Eat the rich! Why millennials and generation Z have turned their backs on capitalism
Nearly eight out of 10 of young Britons blame capitalism for the housing crisis and two-thirds want to live under a socialist economic system. How did that happen?The young are hungry and the rich are on the menu. This delicacy first appeared in the 18…
‘Impossible’ for Sunak to save on tuition fees without favouring well-off graduates
Chancellor should use income tax rather than student loan repayments, says Institute for Fiscal StudiesRishi Sunak will find it “essentially impossible” to save money on university tuition fees in England without hurting graduates on average earnings i…
Autumn budget must show financial firepower behind ‘levelling up’ | Richard Partington
As the UK economy enters a rough patch, government needs to give substance to its flagship soundbiteBritain’s economic recovery from lockdown is stalling and inflation is on the rise. With the approach of autumn, prophecies made earlier this year for a…
The economists’ reassurances were closer to hopeful guesses
Benjamin Franta has published an paper about the role economists in think tanks and academia played in global warming denial.
British retail sales fall unexpectedly in August – business live
Rolling coverage of the latest economic and financial newsRetail sales fell 0.9% in AugustSupply chain problems hit retailersFood store sales drop as more people dine outTravel shares jump on reports of restrictions easing 9.09am BST The slide in iron …