Russia’s looming default is Putin’s choice
The Russian president no longer has any interest in running a market economy or in spreading Russia’s wealth.
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Economics
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Economics
The UK’s living standards crisis is intensifying
As inflation hits 7 per cent, real wages are falling at the fastest rate since 2013.
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We need price controls to fight the living standards crisis
By failing to control prices, the government boosts profits and cuts wages. It’s a straight choice.
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“What’s good for the country is good for us”: Britain’s most powerful investor on inclusive capitalism
As the CEO of Legal & General, Nigel Wilson controls huge investments in British housing, infrastructure and health.
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Britain has fallen out of love with its housing market
Long-held assumptions about rising house prices are being shattered by the affordability crisis.
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Financial markets may have just predicted a recession
Inversions of the yield curve on US Treasury bonds have preceded most recessions for 150 years. It happened again this…
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Shrinkflation: why a Dairy Milk gets smaller, not more expensive
As inflation rises, manufacturers are at risk of “demand destruction” if they increase prices.
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With trade unions gutted, workers have no protection against soaring inflation
It was ludicrous for the Bank of England governor, Andrew Bailey, to suggest that people are in a meaningful position…
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