This pandemic has not spared our children — we face a youth mental health catastrophe July 31, 2020 The coronavirus crisis has changed us all. Whether through bereavement, job losses, isolation, or drastic changes to work and schooling, 2020 has radically altered the world as we know it. We are yet to know how long we will have to live with Covid-19 — the government oscillates between telling us things will be back [...]
Who will the PM hire as the press conference spokesperson? July 29, 2020 The Prime Minister today launched a search for a spokesperson to host White House-style daily televised press briefings, in a bid to boost government transparency during the pandemic. An advert for the job posted on the Conservative’s Linkedin page suggested that the successful candidate will be a well-known figure on the political circuit, and assured [...]
Harness young talent to get the UK economy back on track July 29, 2020 As businesses continue to feel the economic disruption created by Covid-19, front of mind will be not only confronting the immediate challenges, but their long-term recovery plan and the actions necessary to ensure that they emerge from the crisis in a strong and competitive position. The UK’s young talent is a core part of this. [...]
The City View: Patrick L Young on exchanges and the future of finance July 28, 2020 Subscribe to The City View Podcast: Apple / Google / Spotify / RSS In today’s bumper edition of The City View, Andy Silvester is joined by entrepreneur, author and former exchange boss Patrick L Young. Patrick takes us on a global tour of exchanges and the plumbing of the world’s financial system, touching on the remarkable technological achievements of the last two [...]
Rishi Sunak’s deputy says targeted relief an option after furlough scheme ends July 28, 2020 Treasury minister Steve Barclay has ruled out extending the government’s furlough scheme past October, but left the door open for targeted relief to some sectors. The scheme is due to end on 31 October, with government payments decreased in September and October. Barclay said today that there would be no extension to the scheme, echoing [...]
UK unemployment to hit 10 per cent as furlough scheme ends, says report July 28, 2020 UK unemployment is set to rise to 10 per cent by the end of the year after the government made the “mistake” of winding down the job retention scheme, a respected economic forecaster has predicted. The National Institute of Economic and Social Research (Niesr) also said the UK economy would take three years to return [...]
Crypto is becoming more mainstream July 28, 2020 I’ve always been fascinated by technology and problem solving from a young age. I got my first computer when I was six years old and at 12yrs, I got my first Mac as I was an ardent gamer and I became hooked on coding. My career began as a freelance indie games developer in Greece [...]
A property wealth tax is the only fair way to pay for the Covid-19 crisis July 28, 2020 Two years ago, the director of the Office for Budget Responsibility wrote the following: “Broadly speaking, the fiscal position is unsustainable if the public sector is on course to absorb an ever-growing share of national income… The baseline projection in each of our reports — since the first was published in 2011 — has pointed [...]
Boris Johnson’s calorie labelling plan is well-intentioned but economically inept July 27, 2020 Let me start with a concession to the Prime Minister: not all the policies in his anti-obesity drive are outright objectionable. Banning food advertising and telling shopkeepers where they can and can’t stock their products are obvious and unacceptable intrusions, whatever their intended goal. But as a liberal economist, I am prepared to consider some [...]
Stamp duty cut makes UK buyers among Europe’s lowest taxpayers July 27, 2020 The government’s emergency stamp duty cut means buyers in the UK now pay among the lowest in tax in Europe, even on a prime property. British buyers are now paying just 1.93 per cent of a property’s value in tax compared to the European average of 4.53 per cent, a new study by accountancy network [...]