Afternoon all, Sorry to miss you all last week, but I’d be lying if I didn’t admit that a week checked out from British economics/politics was very pleasant indeed. Flying back from Greece on Monday was suspiciously smooth so I’d largely discounted all the headlines about British transport/political chaos. But we landed just as four-in-ten … Continued

Afternoon all, You’re all hybrid working and the PM’s into what you’d politely call the ‘hybrid truth’. Fed up with being left out, I’ve gone for a hybrid TOTCs this week: a swift special on yesterday’s energy bills support package and then a few quickfire reads to get you through the gaps in your Jubilee … Continued

Afternoon all, You know what the police need? Some economists. The Met have apparently spent £460,000 on their partygate investigation (to bring in fines of £12,600) – god knows how, given the British press did the evidence gathering for them. How much can it cost to show a suspect the front page of the Mirror … Continued

Afternoon all, The only people having a more expensive week than Downing Street staff are crypto investors – commiserations if you’re in either camp. The crypto crash is at least a reminder that it’s best to avoid ponzi schemes largely unregulated high-risk products. On reflection, avoiding people selling high-risk products in politics isn’t a bad rule of thumb either … Continued

Afternoon all, Temperatures are on the up. So are interest rates. 2022 is all about monetary policy climate change sweeping advanced economies, with the Bank of England’s fourth hike in a row yesterday taking us to the heady heights of 1 per cent. I know we’re all desensitised to high inflation chat, but if their … Continued

Afternoon all, I’ve been across the Atlantic this week, but it’s been good to see you’ve all been trying really hard to maintain Britain’s reputation while I’m away. Explaining our porn-perusing politicians, or the fact our Social Mobility Commission chair (who obviously hasn’t met the Resolution team…) thinks girls can’t do “hard maths”, to Americans has … Continued

Afternoon all, Hope everyone had a decent Easter break. I’m a massive fan of this whole sun shining thing: Britain’s a good place to live. Unfortunately, our politics and economy haven’t quite got the Briton rocks message. The Queen’s 96th Birthday should have been a good time to celebrate ideas of public service and duty, … Continued

Afternoon all, Yesterday the Government announced plans for eight new nuclear power stations. In the olden days this was big news; now it’s already off the bulletins. The news that’s actually gone nuclear is of course the Chancellor’s wife being a non-dom. That choice seems like madness from a political perspective – there are so few … Continued

Afternoon all,   All April Fools gags are rubbish, but today’s combination of temperatures plummeting as energy bills surge might be the worst yet. A new Resolution Foundation note shows the number of households in fuel stress (spending at least 10 per cent of their budgets on energy) will double to five million as a … Continued

Afternoon all, The (selfish) good news is that I’m ending this week Covid-free. The (rather more important) bad news is the Spring Statement, which goes in the ‘not fit for purpose’ bucket. Chunks of Government seem surprised by the universal kicking it’s had – spending over £10 billion on tax cuts usually buys you at … Continued

Morning all, Things are on the up, in the inflation, interest rates and Covid cases sense, making the lives of policy makers (not to mention actual people) a nightmare. It’s the central bankers turn this week. The Bank of England flipped from worrying about the recovery in the autumn to anxiety about surging inflation in … Continued

Afternoon all, Too much choice is a dangerous thing. Normally that doesn’t matter – I can get over being overwhelmed by browsing Netflix. But excessive choice over what to worry about in 2022 is a big problem – preventing policy makers concentrating on any given problem, or judging the relative importance of the tsunami of … Continued

Morning all, The lives being lost, homes being destroyed and nightmare being lived in Ukraine are dominating all our thoughts. Even when the TV/radio is off it’s hard to think about anything else. And rightly so given how immediate and existential the dangers are. The implications for UK households are tiny in comparison, but substantial … Continued

Afternoon all, The idea that 2022 was going to offer a world, emerging from the pandemic, relief from dark times has not aged well. This week has been unremittingly grim. The violence Ukrainians have had to live with for eight years has sharply grown in breadth and depth, while our words, tears and sanctions are … Continued