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Economics

  • Financing growth? How the City’s frailties have hamstrung productivity

    October 1, 2024

    Championing the UK's financial system should not obscure the fact that there is plenty of room for improvement.

  • Demise of coal power is end of an era, but not an end in itself

    October 1, 2024

    A quiet revolution occurred in the very earliest moments of this morning, probably while you were asleep. You went to bed in one sort of country, and woke up in another sort entirely. The difference is largely invisible but undeniably huge: yesterday, the UK’s last coal power station was still operational and by this morning [...]

  • Tax burden ‘will not fall in my lifetime’ warns IFS chief

    September 30, 2024

    Over recent years the tax burden has climbed to a post-war high of 37 per cent of national income despite the attempts of the previous government to cut taxes.

  • Mortgage approvals hit highest level in two years as housing market recovers

    September 30, 2024

    According to figures from the Bank of England, 64,900 mortgages were approved last month, up from 62,500 in July.

  • UK growth revised down to 0.5 per cent in second quarter

    September 30, 2024

    Liz McKeown, ONS director of economic statistics, said the updated figures included new survey data, VAT returns and updated information about the size of different industries.

  • Markets doubt Bank of England’s cautious approach to interest rates

    September 30, 2024

    The Bank of England held interest rates at five per cent last week, having cut rates for the first time since the pandemic back in August.

  • Adzuna: UK job-seekers face toughest market in three years

    September 30, 2024

    Tony Wilson, director at the Institute for Employment Studies, said the figures would be a "bit disappointing" for those who had been looking for "greener shoots" in the labour market.

  • How will Labour fill the non-dom shaped hole in their tax plans? Brace yourself.

    September 30, 2024

    Cast your mind back to the Spring and early Summer of this year when the election campaign was underway. It seemed the Tories were announcing a new policy every day, from the return of National Service to inventive new ways of protecting pensioners’ incomes, Conservatives filled the airwaves with ideas, policies and announcements. In the [...]

  • Mervyn King warns against government changing way it measures debt

    September 29, 2024

    Mervyn King has warned Rachel Reeves against altering how the government defines its debt in the upcoming Budget, and called for the fiscal rules to be assessed by parliamentary term. Speaking in an interview on BBC Radio Four’s Broadcasting House, the former governor of the Bank of England said that the way the government polices [...]

  • Ex-Bank of England chief economist warns on Labour’s non-dom crackdown

    September 26, 2024

    Speaking on LBC, Andy Haldane warned that the government's measures might give overseas investors "cause for pause" before setting up businesses in the UK.

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