Explainer-in-brief: National Mourning means Parliament back in recess September 12, 2022 After only a six week long recess, MPs – and the new prime minister – had only just come back to Parliament. But the death of the Queen means it will be in a ten day recess until next Tuesday, the day after the funeral for Elizabeth II. In a short space of time, Liz [...]
UK trade exports in and outside of EU grow by £2.1bn post-Brexit September 12, 2022 The UK’s trade exports in and outside of the European Union (EU) rose in July, according to official figures, as the country’s GDP inched higher. Exports to the EU rose 7.9 per cent in July – the equivalent of £1.3bn, the Office for National Statistics (ONS) revealed this morning, While exports to non-EU countries increase [...]
Queen’s funeral: Travel chiefs warn train network will be ‘extremely busy’ as refunds offered September 12, 2022 Travel chiefs have warned services and stations will be “extremely busy” in the next week due to the official period of mourning. Both the Rail Delivery Group and Transport For London discouraged unnecessary travel and urged planning, as hundreds of thousands are expected to visit Her Majesty the Queen lying in state. Parliamentary authorities are [...]
Third Point slumps as growth firms drag investment titan down September 12, 2022 London-listed investment vehicle Third Point Investors suffered a 22.6 per cent plunge in the value of its assets in the first half of the year as it weathered “one of the most challenging” periods it has faced. In a trading update today, the firm run by notorious activist investor Daniel Loeb said turbulence had caused [...]
Production output sinks below pre-Covid levels as electricity and gas sector declines September 12, 2022 Monthly production output in the UK dropped this summer, sitting at a level below the last pre-Covid level in February 2020. Output sank 0.3 per cent between June and July 2022, coming in at 1.3 per cent below February 2020 levels, according to freshly published data from the Office for National Statistics (ONS). The fall [...]
Elizabeth II was Britain’s monarch, but she held together our bonds to America September 12, 2022 In politics and foreign policy, the personal counts for far more than those cloistered away in ivory towers of theory and philosophy can understand. It is not just grand historical forces that make the world what it is; specific people—with all their strengths and weaknesses—make history. Elizabeth II, whose long life and reign have just [...]
Energy bills is Kwarteng’s first priority, then we must claw back our dismal productivity September 12, 2022 A looming 15-month long recession. Highest debt burden since the 1960s. Biggest living standards shock on record. It’s not the best time to be managing the UK economy. But that’s exactly what newly appointed chancellor Kwasi Kwarteng has been tasked with. His problems can be split into three categories: short, medium and long term. Kwarteng’s [...]
London’s economy powers through August in ‘growth mode’ as UK stalls September 12, 2022 London’s economy powered through August in “growth mode” despite the UK stalling, a new survey published today reveals. High street bank NatWest’s London purchasing managers’ index (PMI) remained in positive territory in August at 54.9. However, the PMI dropped sharply from 58 in July and was the weakest reading in nearly a year and a [...]
The monarchy’s strength is the foundation of our prosperity in choppy waters September 12, 2022 The City is united in grief after learning of the death of Her Majesty the Queen. The Lord Mayor of the City of London spoke of our immense sadness and mourning. But it was also a time to reflect on Her Majesty the Queen’s momentous reign, one which was characterised by an unfaltering commitment to [...]
Meet the duo explaining the ‘dismal science’ 10 points at a time September 12, 2022 People think economics is boring. It’s all about finance. It’s all about money, they say. It’s tough to argue with them given the subject’s nicknamed the “dismal science”. But, two secondary school teachers are on a mission to change people’s minds about that. Peter Clift (Pete) and Gavin Simpson (Gav) and are the hosts of [...]
