Economics newsletter
The sneaky way that Russia is still evading western sanctions
The leaders of the European Union can give themselves a pat on the back. They have, on the face of it, delivered on a promise made following Vladimir Putin’s invasion of Ukraine to end the export of European goods, machinery and parts critical to Russia’s war effort. Yet things are not quite as straightforward as they
Why the SNP keeps failing in its war on child poverty
The poor are always with us, Jesus said, and that has never been more true than in Scotland over the past 25 years. One in four children is still languishing in poverty, according to the Scottish government’s own statistics. This ratio never seems to change, whoever is in power and however much is spent on it. First Minister John
Starmer could regret trying to woo trade unions
The last two and a half years have seen a dramatic revival in trade union militancy, with working days lost through strikes reaching their highest level for more than thirty years. The arrival of a Labour government has already seen markedly more generous settlements than the Conservatives offered – and the new administration has committed
Will Angela Rayner really water down the right-to-buy scheme?
Housing Secretary Angela Rayner is said to be planning on watering down the right-to-buy scheme which enables council tenants to purchase their homes from local authorities at a significantly reduced price. The policy, famously introduced by Margaret Thatcher in 1980, has helped many thousands of families become home-owners, giving them greater security and a stake
Why London must get back to work
The commute is often unreliable, expensive and crowded. It is easy enough to understand why so many of London’s 5 million strong workforce are so reluctant to go back to the office. There is a catch, however. Working from home is costing the British economy a huge amount of lost output. In reality, the UK
Labour’s flirtation with price fixing won’t end well
Almost everyone is aware of the concept of peak hours pricing. If you buy a train ticket to travel during rush hour it costs more than at other times. Few people object to this. Indeed, most of us think it helps. It means that people who don’t need to travel in that period will pick
Labour want to Frenchify the economy
It is not that long ago that the new Prime Minister Sir Keir Starmer announced that his would be the government of ‘growth, growth, growth’. What has he done in that time to try to realise that ambition? It is hard to think of a single measure that will genuinely do anything to improve the
Labour must beware crying wolf about a run on the pound
As winter approaches, and fuel prices go up, Keir Starmer’s honeymoon period is well and truly over. The Labour government is clearly getting a little nervous about Chancellor Rachel Reeves’s decision to scrap the £300 given to millions of pensioners to help keep warm over the winter. It is now claiming that it had no
Why Labour’s four-day week plan could backfire
Employees will have the right to ask their employers to compress their hours into four days a week rather than five, but employers will not be forced to agree. Just what is the point of the government’s latest employment reform, as proposed by Baroness Smith of Malvern, the minister for skills? Surely employees already have
Is Starmer now a friend of the oil and gas industry?
Keir Starmer’s government appears to have softened its stance on oil and gas. Back in June 2023, the Labour leader told an audience in Edinburgh that there would be no new licences for oil and gas exploration in the North Sea. Instead, a Labour government would pursue green energy all the way, slashing our bills (it