New jobs, lazy kids, and trouble in the French supermarket

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Afternoon all, I can’t quite tell which bits of the Labour Party Jeremy Corbyn is and isn’t in these days, while the line appears to be that Priti Patel is a bully but not an intentional one (whatever that means). At least this style of facing both ways on personnel decisions is in no way … Continued

Old pandemics, new taxes and the return of being tired of experts

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Afternoon all, I’m a little confused. Lee Cain was definitely offered Boris’ Chief of Staff job, but resigned. Dominic Cumming has most definitely not resigned, but will be leaving Downing Street before Christmas. It’s almost like some people think that reality is shaped by the words you say, rather than what you actually do. That … Continued

Big bungs and job-boosting elections

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Afternoon all, It’s been a big week for decision taking. The US (probably) isn’t giving Trump four more years (🤞), but the UK has given the Job Retention Scheme four more months. UK politics nerds are horrified by it taking three days plus to count some ballots (while being secretly thrilled at the excuse to keep watching … Continued

Green taxes and time-wasting filing

Top of the Charts 'Hidden gems' round-up: October 2020

The latest from Resolution Foundation Chief Executive Torsten Bell’s weekly Observer column, Hidden gems from the world of research and academia. Read more of the latest economics and policy research in our weekly reading email, Top of the Charts.   Protect the poor from being penalised by carbon taxes In those glorious pre-pandemic days we only had … Continued

Lacking economic diversity and losing creativity

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Afternoon all, TOTCs this week comes from a misty South-West, which is a mixed blessing (low virus cases, high wind/rain). But even with low cases, the impact of the pandemic is everywhere – particularly in the face-to-face services in tourist reliant areas who, along with city centres, are in the front line of this crisis. … Continued

A very sectoral crisis and rewriting fiscal standards

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Afternoon all, The ramping up of restrictions is getting very real today – Wales is in hard lockdown and post-row Greater Manchester has entered tier 3. South Yorkshire has got less than eight hours left before it follows suit. All of which shows why the Chancellor was right to basically totally reinvent his Job Support … Continued

Worse for some

The economic pain is being felt differently by different people. And for many of them, rock bottom is still to come

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The pan in pandemic is a dangerous prefix. While the virus now straddles the globe, those three letters can give the impression of an equality of impact that is very far from the truth. On the health side this is blindingly obvious, with death rates from the virus climbing sharply with age and, as in … Continued

Analysing plagues, paying for pandemics and searching for aliens

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Afternoon all, This is the week the music consensus died. It’s hardly surprising, with political fracturing between parties and places reflecting the tensions all of us feel confronting the reality that this pandemic is here to stay. But it’s a disaster if public faith in collective decision taking is undermined in the midst of a … Continued

Talking tax, gender divides and predicting crises

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Afternoon all, Today is impressively managing to combine the (inevitable) end of the V-shaped recovery, with the overdue catching-up of policy with local lockdown reality. At 7am we learnt that GDP grew by 2.1 per cent in August, down from 6.4 per cent in July and 9.1 per cent in June. Almost all that growth … Continued

Epidemics of unhappiness and getting lost at sea

Top of the Charts 'Hidden gems' round-up: September 2020

The latest from Resolution Foundation Chief Executive Torsten Bell’s weekly Observer column, Hidden gems from the world of research and academia. Read more of the latest economics and policy research in our weekly reading email, Top of the Charts.   How coronavirus piled misery on India’s workers Cities are the centres of this crisis, but not all … Continued

Vaccine predictions and sleep restrictions

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Afternoon all, I see the 2020 gods have decided we haven’t had enough uncertainty and chaos. At least Donald Trump seems to understand that you quarantine after testing positive for COVID-19 – not something all our own politicians have got the hang of it appears. For the increasing number of you entering quarantine (or just … Continued

(Economic) Winter is Coming special

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Afternoon all, Winter is coming and so is the Chancellor’s Winter Economy Plan, announced yesterday. Since the plan is a) brand new and b) fiendishly complex, we thought we’d devote a TOTCs special to it. It’s complicated, so there are inevitably good and less good elements. But the big picture is this – it is … Continued

Rich partners, poor parents and Trump-loving neighbours

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Afternoon all, So we’re going from opening up to closing back down again. Local lockdowns, rules of six and (apparently) circuit breaks. All I’m saying is that the last remaining V-shapers out there must be smoking something very strong indeed. In fact, if rising cases and rising unemployment have one silver lining it’s to end … Continued

Losing the home team advantage and parental support vs the welfare state

Top of the Charts 'Hidden gems' round-up: August 2020

The latest from Resolution Foundation Chief Executive Torsten Bell’s weekly Observer column, Hidden gems from the world of research and academia. Read more of the latest economics and policy research in our weekly reading email, Top of the Charts.   Britain might look to Germany to heal the north-south divide Before the government was forced into locking … Continued

Explaining economics through rivers, mountains and concrete

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Afternoon all, Lawbreaking aside, the big news this week is that the rule of six is on, and Christmas is off. The kids are going to riot when someone tells them what’s going on, but the upside is a notably lower turkey-related divorce rate this year. That today’s GDP stats also followed the rule of … Continued

Mutant algorithims, dodgy hair salons and bad debts

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Afternoon all, Schools’ back. Well actually, ours isn’t – which I am totally, 100 per cent, relaxed about… But everyone other one seems to be, which is good news. I’ve always been in the “we should probably educate the kids” camp. It’s a rather basic civic duty. Like voting, which apparently Donald Trump is now … Continued

Contagious theories – and proof that poverty is not failure

Top of the Charts 'Hidden gems' round-up: July 2020

The latest from Resolution Foundation Chief Executive Torsten Bell’s weekly Observer column, Hidden gems from the world of research and academia. Read more of the latest economics and policy research in our weekly reading email, Top of the Charts. Proof that poverty is not failure but a trap Poverty matters and it lasts. It reduces wellbeing today … Continued

Good bosses, bad economists and the curse of the Premier League

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Afternoon all, Local lockdowns are all the rage – this time for the North West. We’d better get used to it. In a stroke of genius planning/solidarity we’re heading for a campsite in the North West tomorrow. On the plus side it’ll provide something more interesting to worry about than the (inevitable) rain. In some … Continued

Finding vaccines, winning elections and catching fish

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Afternoon all, Masks at the ready team. Arms out for the flu jabs, but hands down for the junk food. A year on from entering Downing Street, Boris Johnson has not only become a daddy (again) but he’s ended up fully embracing the nanny daddy state. The latter at least is a surprise given the PM’s personal liberalism, but … Continued

Refugees, rallies – and a reassuring chart

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Afternoon all, I’m afraid TOTCs is in rather gloomy mood today. I appreciate this isn’t what anyone wants to hear, but I really fear we’re only in the foothills of the economic bit of this crisis in so far as households are concerned. Even if the initial recovery phase is V-shaped for GDP, household incomes … Continued

Hitting the right target, at the right time, and with the right arrows

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Afternoon all, Dishy Rishy has been sloshing the dosh. Again. This week it’s £30bn, a big deal in pre-pandemic land but only a 20 per cent increase on the £160bn already announced since March. All together that’s lots of cash. But no, it doesn’t prove Jeremy Corbyn was always right about borrowing more, or that … Continued

Making a mess in economics

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Morning all, Boris Johnson used to want to be Churchill. Now it’s FDR. I see there’s been a lot of snide remarks about the fact that re-announcing £5bn infrastructure spend isn’t quite the same thing as Roosevelt’s doubling of federal government expenditure during the 1930s. Personally, I think we should all be grateful for what … Continued

Levelling up China and levelling down VAT

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Afternoon all, Welcome to this heatwave edition of TOTCs. It nearly didn’t happen at all – I stop functioning once the mercury hits 25°C. Forget COVID-19, the sunburn-and-sweat risk should have been enough to put people off sardine-ing it up on Bournemouth beach yesterday. But I’m liberal enough to see that for each sun-phobic vampire … Continued

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