The discussion over labour shortages, especially in the UK, has been characterised by excessive fatalism. The numbers of ‘missing’ workers from the economic turmoil of lockdown are neither mysterious nor especially surprising. https://t.co/XeKST7FmSd
Despite the failure of all the previous Conservative government plans to revive productivity growth, probably none was as insubstantial as chancellor Jeremy Hunt’s last week. https://t.co/K9tAuhlJP9
As the Conservative Party descends into chaos again following Liz Truss’s resignation, can we draw any lessons from the failure of her plans for the economy? How should we understand the now-abandoned ‘Trussonomics’? https://t.co/AGe31BeRJH
Both Rishi Sunak and Liz Truss share the same illusions about taxation’s ability to revive or depress the economy. But Britain’s needs a productivity plan, not tax tweaking.
https://t.co/iHhHoF1OHv
The British economy is in a worse state than most other advanced industrial economies. But to say that it’s all Brexit’s fault is a specious thesis. Moreover, blaming Brexit for everything going wrong is letting the Tory government off the hook.https://t.co/FfDFBHrx8V
The cost-of-living crisis is not just a question of increasing prices. Why have the increased costs become so unbearable for so many households? Why is there so little capacity at an individual, business or societal level to cope with these price spikes? https://t.co/DrZ2qSHEQa
The soaring cost of living, aggravated now by the fallout from the war in Ukraine, is bringing dreadful difficulties and hardship for huge numbers of people: the latest of a series of economic crises. How can Britain stop stumbling from one to the next?
https://t.co/JOqNvFgLC0
The long-term economic effects of the Ukraine war will of course take time to work through. Some existing trends are going to be affected one way or another.https://t.co/x7UIAoGBfB
The "great inflation debate" among economists and policymakers is about more than sympathy with the families being hit hard by cost-of-living increases. It reflects too the fatalist economic outlook.
https://t.co/EPGnvjJ1gw
The American elite's growing antagonism towards China in 2021 owes less to the rise of a new power than to America's domestically driven insecurities and drift. https://t.co/bdKsObb5vh
Everyone, not just Boris Johnson, wants a "high wage, high productivity" economy. The question is: how to achieve one? If there was an easy fix, we'd have done it already. https://t.co/PB9cu1bm4f