Silicon Valley, Signature, Credit Suisse, the first of many?
Living standards will fall by 7% in the next two years.
By Peter Main At first sight, Kwasi Kwarteng’s “mini-budget” looks like nothing more than pandering to the Tory members who voted for Liz Truss. Anyone who seriously thinks that forcing part-time workers on Universal Credit to find a few more hours of work each week is going to have the slightest effect on the national […]
Assumptions that damage to the UK economy was inevitable have now been backed up with concrete evidence.
INFLATION IS at its highest level for over 40 years and the rate continues to climb. For workers under the age of 40, this is their first real taste of sustained rising prices. Prices began to rise back in the summer of 2021 but this accelerated in the first six months of 2022. Exacerbated by […]
Prices rise at record rates.
Editorial December-January 2021-22, No. 389
CHINA’S CONSTRUCTION industry, a key lever in Beijing’s entire economic policy, is facing a debt crisis of enormous proportions. Attention has focused on Evergrande, a development company, whose total debts are estimated at $310 billion and which failed to pay some $96 million interest on foreign bonds in September. Just three days before being declared […]
By Tim Nailsea BRITAIN’S ECONOMIC growth has almost stalled because of shortages of labour in parts of industry and of material inputs, due to disruptions in the supply chain, coupled with the effects of Brexit. GDP grew by 0.4% in August but is still 0.8% below where it was in February 2020, before the country […]
By Jeremy Dewar Workers in Britain are being hit by a triple whammy this month: inflation heading towards 5%; a £20 cut to Universal Credit, hitting the unemployed and worst paid workers; and the ending of furlough for 1 million workers, throwing hundreds of thousands out the door. These are not ‘temporary blips’ that will […]