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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Economy
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Economy
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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It won’t be easy for the government to regain the IMF’s support
Liz Truss and Kwasi Kwarteng thought they could make changes without consulting anyone.
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How Brexit broke the UK’s fiscal credibility
The UK’s financial crisis is the product of years spent ignoring economists and businesses.
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Britain braces itself for the devastation of austerity 2.0
Britons on low incomes dread the Liz Truss government’s “reverse Robin Hood” plan, which prioritises bankers over benefit claimants.
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The Conservatives’ Great Leap Forward
Liz Truss and her team understand the British economy’s weaknesses but their utopian free-market solutions are undermining the Bank of…
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How Liz Truss crashed to earth
By waging a culture war against reality, the government has made the UK economy one of the most unstable in…
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Would Liz Truss abolish inheritance tax?
Liz Truss’s chief economic adviser, Matthew Sinclair, is a vociferous opponent of the UK’s most substantial wealth tax.
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