Matthew Lynn

Matthew Lynn

Matthew Lynn is a financial columnist and author of ‘Bust: Greece, The Euro and The Sovereign Debt Crisis’ and ‘The Long Depression: The Slump of 2008 to 2031’

Apple is right to steer clear of the electric car market

Apple’s much-hyped electric car appears to have been killed off before it ever hit the road. For years, the tech firm’s plan to branch out into developing an electric, semi-autonomous car have been the subject of much excitement. Codenamed Project Titan, fans speculated that Apple would turn its magic to designing a car that would

Javier Milei’s Argentine revolution seems to be working

The currency would collapse. Output would go into freefall. Unemployment would soar, and the IMF would be back in charge quicker than you could say ‘chainsaw’. When Argentina voted into power its libertarian new president Javier Milei there were predictions that his radical free market reforms would quickly plunge the country into chaos. But hold

London has France to thank for its Brexit win

The City of London would be hollowed out. Bankers would have to retrain as burger chefs. And Paris and Frankfurt would emerge as the twin centres of the European financial markets, leaving London as little more than a backwater. Of all the predictions made by some Remainers during Brexit, there was one that kept re-emerging:

Jeremy Hunt should ignore the IMF’s tax cut warning

Government borrowing is lower than had been forecast. The economy needs some form of a boost. And perhaps most of all there is an election within a few months. There are plenty of reasons why Chancellor Jeremy Hunt might want to cut taxes slightly in his spring Budget, and perhaps even once more by the

Christine Lagarde is failing again

Christine Lagarde, the president of the European Central Bank, has one of the most glittering CVs in European politics. The ex finance minister of France, and former managing director of the International Monetary Fund, earns £365,000 a year for running the show at the ECB. But is she any good? An internal poll of staff

What’s wrong with trillionaires?

Why is Oxfam so concerned about the coming possibility of the world’s first trillionaire? The charity has this week released a report with an apocalyptic warning that one is likely within the next decade. Yet surely people only get that rich by making something that people want. That should be celebrated instead of condemned.  In

The EU is paying a high price for its Brexit pettiness

It has formidable negotiating skills, at least according to its cheerleaders. It has huge economic clout. And it can impose its will on companies and rival governments. Given that we have heard so much over the last few years about the immense influence of the European Union you might have thought that a small matter like

Bitcoin’s bounce back has proved its critics wrong again

The charlatans had been exposed. Its flimsiness had been confirmed. And the bubble had finally burst. Rewind to just over a year ago, and with the collapse of the crypto exchange FTX and the arrest of its billionaire founder Sam Bankman-Fried it seemed as if the legions of skeptics of the digital currency Bitcoin had

Will Javier Milei’s ‘shock therapy’ work?

The Argentinian peso has been devalued by 50 per cent overnight. Controls on exports have been scrapped, and the country’s ministry of culture is to be closed down. The health, labour, social development and education departments are also facing the chop. Argentina’s president Javier Milei – who vowed to deliver economic ‘shock treatment’ in his

There’s a reason the market is rejecting electric cars

They are cheap to run. They rarely break down. And perhaps most of all they are far better for the environment. For the last decade we have been endlessly lectured about how electric cars are so completely superior to the petrol variety that they would quickly dominate the market. But hold on. Now that some

Is climate change really to blame for rising food costs?

Everything in the shops is getting more expensive and restaurant bills have become prohibitive. We are all aware that food price inflation is a major factor in the overall cost-of-living crisis. It might seem plausible, as claimed today, that climate change is a major factor driving this. After all, weird weather, wildfires and droughts make

Is Javier Milei already defying his critics?

Critics of Argentina’s president Javier Milei have already made up their minds: he is a lunatic and his plans will collapse on first contact with the real world. Argentina’s money will run out and the economy will grind to a halt. To some commentators, he is a ‘hard-right’ ideologue who will crash the economy within

Don’t be deceived by Jeremy Hunt’s tax ‘giveaways’

When Jeremy Hunt takes to his feet in the Commons this afternoon to deliver his Autumn Statement, he’ll be trying to woo voters with some tax ‘giveaways’: VAT thresholds might be raised to help small businesses and the basic rate of National Insurance could be reduced for the rest of us. But hold on. Before

Biden and Xi’s meeting is a boost to the global economy

At least there will be some pandas. At his summit with President Biden this week, China’s President Xi pledged to send more cuddly bears to the US, the traditional Chinese way of cementing good relations with other countries. More importantly, there was a significant easing of tensions between the two largest economies in the world.

In defence of ‘rip-off’ airline charges

The Conservative party is 25 points behind in the polls. Its backbenchers are scrambling around to find new jobs, and the opposition is already making its plans for government. Rishi Sunak’s grip on the premiership is growing more tenuous with every passing day. But, heck, never mind. It turns out the PM has a cunning

Will Elon Musk end up humiliating Rishi Sunak?

Bill Gates was probably otherwise engaged. Mark Zuckerberg was busy in the metaverse. And Jeff Bezos was tied up on his next rocket trip. When the Prime Minister Rishi Sunak was looking for a major technology tycoon to host a conversation with at his Artificial Intelligence summit later this week those were probably the names

What Rachel Reeves’s book blunder reveals

Shadow chancellor’s Rachel Reeves’s new book, The Women Who Made Modern Economics, was meant to put the spotlight on unsung female economists. Instead, the focus has fallen back on Reeves herself – and not for the reason she hoped. Reeves has denied plagiarism after it emerged that the book is littered with passages from other