No. Trickle-down economics doesn’t work. All the empirical studies have shown that when you reduce taxes at the high end it doesn’t necessarily result in greater economic growth and... Читать далее
We don’t know what Brexit is yet – it’s Brexit, apparently – but you can’t ignore the fifth-largest economy in the world. The Europeans will take us right to the last minute – as we saw... Читать далее
A negative-growth environment, if it persists, is a depression, so that’s not good for anybody. With a low-growth environment, it comes down to defining how much is enough. This is a real... Читать далее
Judging by every statement he’s made since he took over as Governor of the Bank of England, Mark Carney will never raise interest rates during his five-year tenure.
Why doesn’t he want... Читать далее
We can’t, at least not in the short term. You have to look at both sides, the supply and demand. On the supply side, the objections to planning permission for new housing in this country... Читать далее
Traditionally, a weaker pound gives a boost to exporters because their goods are cheaper and therefore more attractive. So initially it will give a boost to the industrial sector and also... Читать далее