Beware those who’d lock us down and throw away the key
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Rather like dedicated Remainers, pro-lockdown enthusiasts never seem to give up. Their ardour will have been fuelled by leaks over the weekend of results from the epidemiological models. Apparently, even though quite soon all the over-70s will have been jabbed, lifting restrictions before the summer would lead to a massive third wave of the virus. […]
Cash for Covid? Cash for jabs makes far more sense
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As the snow fell on Sunday, I almost expected a Cabinet minister to address the nation that very evening: “Don’t go out in the snow. Don’t slip and sprain an ankle. Save the NHS!” It could have been backed up by a scientist brandishing a chart and a “model” to demonstrate that icy weather led to […]
Decentralising the NHS could be a game-changer for the UK’s future health
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The NHS is a highly centralised organisation. During the Covid crisis, policy decisions have been made at the top and then passed down. There has been little scope for showing initiative at a local level. This dates back to when the NHS was set up in the late 1940s. Central planning was very fashionable at the time. […]
Our tech advances are difficult for productivity stats to compute
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One of the most depressing aspects of the decade of the 2010s, well before Covid-19 struck, was the apparently very slow growth in productivity. This is not a mere ivory tower issue. It is only through increasing productivity that rises in living standards can be sustained. Productivity is the key measure of the efficiency of […]
Covid-19 has shown it is time to invest in Britain’s scientists
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Let’s start the New Year with a very positive point. The speed of scientific innovation seems to be accelerating sharply. And it is innovation which ultimately drives our health, wealth and well-being. The types of problems which have previously taken years or even decades to solve are being cracked in record times. The development of […]
The Government scientists’ credibility is shot to pieces
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Imagine. No, not the silly childish song by John Lennon. Imagine there were no vaccines available. What would Matt Hancock, the Secretary of State for Health, do? He might ask people to pay more attention to the scientific advice. But the plain fact is that the credibility of Chris Whitty, the chief medical officer, and […]
Economics has a lesson for Remainers and lockdown-lovers who refuse to let facts change their minds
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Christmas is a time to be charitable. So let’s spare a thought for those who fought against the referendum result. Unlike the great unwashed, who simply didn’t understand the issues they were voting on, they had all been expensively educated at the right sort of schools and universities. From the time the vote took place […]
Hurrah for a vaccine — but was lockdown actually worth it?
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The development of the vaccines has changed many things. It has even influenced the opinion of the Prince of Lockdown himself, health secretary Matt Hancock. Life, he pronounced at the weekend, would be back to normal by the spring and the “blasted regulations” abolished. But one thing has remained constant: the government’s continued refusal to […]
Economics lessons from history: Don’t expect a post-Covid boom
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Just over 200 years ago, the finances of the British government looked even more parlous than they do today. Since the mid-1790s, the country had been engaged in a titanic struggle with Napoleon’s France. To pay for the conflict, the government had borrowed on a massive scale. The cumulative financial deficit — the difference between […]
A (virtual) warm welcome to our new starters…
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A now all-too familiar way of say hello to new colleagues, a relaxed way to do it, nonetheless… We look forward to working with new Volterra starters Anna Rumsey and Sofia Kaur, in a more cohesive way!