Pension reform is political dynamite, but Macron’s attempt should be commended
It would take a heart of stone not to be amused by Emmanuel Macron’s current predicament. The French President is trying to position himself as the leader of Europe. But at the same time, the streets of the major cities in France are, quite literally, ablaze. France’s public services are crippled by the biggest strike […]
Say hello to our new recruit
We have been recruiting and are delighted to welcome Márton Szirmai
For richer or for poorer? The economic case for marriage is worth remembering
An important piece of social news emerged last week. According to the Office for National Statistics, the divorce rate in 2018 fell to its lowest level for nearly 50 years. The overall trend is clear and well-established. The divorce rate rose steadily from the late 1950s, with sharp rises immediately following the Divorce Act of […]
Labour’s rejection of conventional economic theory ignores important insights
One of the first tasks facing whoever becomes chancellor after the General Election will be choosing the next governor of the Bank of England. Getting to make this choice would be a key step in the plans of Labour’s shadow chancellor John McDonnell to shake up the Bank of England, but his radicalism is not […]
Celebrating Germany’s recession dodge? The data isn’t quite as solid as you think
Ardent Remainers had a rare bit of good news at the end of last week. The latest statistics for the German economy showed that, contrary to expectations, it had not fallen into recession in the July-September period. Economists have come to define a recession as a period when a country’s GDP falls for two quarters […]
Today’s apologists for socialism still won’t acknowledge the lessons of the Berlin Wall
The media has been awash over the past week with stories about the thirtieth anniversary of the fall of the Berlin Wall. My favourite vignette concerns a couple living in East Berlin who were delighted to have a telephone installed in their apartment only weeks before the Wall came down. They had been on the […]
From World War II to the financial crisis, our institutional memory is fading fast
The young contestants on Lord Sugar’s reality TV show The Apprentice sparked outrage last week. They appeared to have virtually no knowledge about the Second World War. The online clips of the sequence capture to perfection their expressions of bovine outrage at even being expected to know such an esoteric thing as how long the […]
The economic impact of Brexit tariffs only tells us half the story
Brexit is about much more than the economic costs and benefits, but the idea that the former dramatically outweigh the latter has become the received wisdom in much of the media. Report after report emerges which purports to show that, under any of the various trade arrangements envisaged, the UK will be worse off as […]
Oxford to Cambridge charity ride
It’s been a sporty few weeks for us in the office! Four of our team recently participated in the 180km Golden Triangle Bike Ride in aid of Maggie’s.The weather was kind to us as we tackled the picturesque but challenging course from Oxford to Cambridge. A great day for a great cause!
Until Scotland’s currency puzzle is solved, independence is economically delusional
The possibility of Scottish independence is back on the political agenda once again. And one question – which currency would an independent Scotland use? – that was crucial in the 2014 referendum has still not been resolved. The informal use of the pound is a very risky option. To see why, the Scottish National Party […]
