By Ewen Stewart – 7 minute read BRITAIN SHOULD BE BOOMING. Our economy is structurally biased to globally growing industries from financial and professional services to elite education, from media and cultural assets to racing cars, from bio and medical technology to logistics, from niche engineering to tourism. These are all industries growing more rapidly [...]
By Ewen Stewart – 6 minute read MUCH HAS BEEN WRITTEN about the Budget. Justifiably almost none of it good. It would be easy to pick fault with the poor record of the Office of Budget Responsibility (OBR) in modelling the UK economy, but LSE Professor and OBR member David Miles does a good job of explaining why [...]
By Ewen Stewart – 7 minute read WE FACE A CRISIS born out of serial material errors over many years and short-term fixes designed to kick the can down the road. Today’s Autumn Statement compounds the error. It not only raises taxes to an unprecedented peace time level but it fails utterly to address the [...]
By Ewen Stewart – 6 minute read THE LAST two weeks, since Kwasi Kwarteng’s now infamous budget, have perhaps been the most extraordinary in modern British political recollection. Truss and Kwarteng condemned, with almost religious like certainty, from a whole host of commentators from the IMF to Germany’s finance minister, from the usual suspects like the [...]
By Ewen Stewart – 7 minute read MAKE NO MISTAKE, we face an economic crisis. The view that is being curated is that all was relatively fine until those right-wing barbarians, Truss and Kwarteng, ruined the party with their childish economics focusing tax cuts on the rich undermining stable public finances. How dare they! They [...]
