AN IMPORTANT feature of the modern Commonwealth has become worryingly obscured in UK debates about its significance: intra-Commonwealth trade and investment flows between its 53 member states (about a third of the world’s population) are growing a
THE BANK of England’s revised mandate may push the Monetary Policy Committee (MPC) to leave interest rates on hold for too long, complicating efforts to bring down inflation and household debt to more prudent levels.
FOR THE first time since before the financial crisis, the chancellor of the Exchequer was able to stand up and announce some good news at the Autumn Statement yesterday: the deficit, the labour market, and growth are all better than expected.
THE AUTUMN Statement confirmed what we already knew. The UK recovery is on track and is set to strengthen. The Office for Budget Responsibility (OBR) now expects growth of 1.4 per cent in 2013 and 2.4 per cent in 2014.
ACCOMPANYING the Autumn Statement, the Office for Budget Responsibility (OBR) upgraded expected growth for 2013 to 1.4 per cent and for 2014 to 2.4 per cent, while the deficit in 2013-14 has returned to falling for the first time since 2010-11.
THE CURSE of Norman Lamont makes politicians wary of mentioning the “green shoots” of recovery. But when the data show growth of 0.4 per cent, 0.7 per cent and 0.8 per cent in the first three quarters of 2013, it’s clear.
THE PHRASE “industrial policy” seems to take us back decades. In 1964, the then Labour Prime Minister Harold Wilson’s powerful new catchphrase was the need for Britain to embrace the “white heat of the technological revolution”.
THE NEWS that UK pupils have failed to make the global top 20 in the OECD’s Pisa tests in maths, reading and science has sparked suggestions that Britain should adopt East Asian teaching and assessment models.
DAVID Cameron is right; there is no point in being subtle. He is in Beijing for a three day visit – accompanied by an army of 100 British business leaders – in an effort to strengthen trade links with the world’s fastest-growing Great Power.
THE AIRPORT debate is hotting up: the last few days have seen the chief executive of Gatwick Airport practically carpet bombing every media outlet in sight, trying to convince us that expansion at his airport is the only game in town.
AS THE chancellor’s Autumn Statement beckons, after a run of good economic news, it is time to address Britain’s less flattering fundamentals. Government has too much debt, the country too little to show for the recovery.
HOW DO you regulate the future? We live in an age of miraculous, disruptive technologies, yet one of its great challenges is how to keep the lumbering process of regulation from putting the brakes on human inventiveness.