The UK is in the grip of a credibility crisis
Jeremy Hunt may have overthrown the mini-Budget, but markets still demand a plan to avoid further economic turmoil.
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Economics
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Economics
The market revolt against Liz Truss does not prove that austerity was justified
Far from vindicating the Cameron-Osborne approach, the last few weeks merely prove what a tragic error it was.
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Why higher corporation tax is good for growth
The British tax system is biased towards services, and a higher headline rate could redress the balance.
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The left shouldn’t gloat when the markets dictate policy
When an elected party is prevented from making policy by unelected investors, it’s hardly cause for celebration.
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As good as gold
How the dollar has ruled the global economy no matter the crisis at home.
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Liz Truss has become a free-market François Mitterrand
Like the French Socialist president, the Prime Minister is being forced to abandon a radical economic programme in the face…
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The UK is on the edge of recession
GDP fell by 0.3 per cent in August and the economy is still smaller than before the Covid-19 pandemic.
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Mervyn King: “The Bank of England made a terrible mistake”
The former governor of the Bank on what Kwasi Kwarteng got wrong and how quantitative easing helped fuel the inflation…
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