Levelling up will fail if Boris Johnson pushes for a nationwide approach
The phrase “levelling up” has permeated the political lexicon over the past year or so, but few seem to know exactly what it means or how to do it. Andy Haldane, outgoing Chief Economist at the Bank of England, put some flesh on the bones at a timely Policy Exchange seminar last week. For Haldane, […]
Sajid Javid’s sensible instincts to stop lockdowns must stay firm against the pessimists of Sage
So farewell then, Matt Hancock, as Private Eye’s fictitious poet in residence, EJ Thribb, would have put it. The former Health Secretary seemed to relish relaying the doom laden projections of the epidemiologists’ worst case scenarios throughout the pandemic. There will be many within the Conservative back-benches who will welcome him into their ranks only […]
Rishi Sunak vs Boris Johnson: to spend or not to spend?
Rishi Sunak has directed his energy into recasting the Treasury back to its traditional role – the guardian of the public finances. The Chancellor notched up a substantial victory after education recovery tsar, Kevan Collins, resigned earlier this month, after his demand for £15 billion for catch-up programmes in schools was beaten down to a […]
To level up, Boris Johnson needs to build homes in satellite towns
A key priority for the government is to revive the fortunes of Britain’s old industrial towns. Boris Johnson promised to bring jobs and skills directly to these areas, so people no longer need to leave in order to prosper. The economic revival of regional cities in the past two decades or so has put even […]
It’s time to give Scotland and Wales a dose of financial reality and rethink the Barnett formula
Subsidies continue to flow from the English taxpayer to the devolved nations of the UK. Boris Johnson is reportedly considering a further massive programme of infrastructure spending to convince the Scots of the benefits of being in the Union. The so-called Barnett formula, put together in the 1970s, already ensures that Scotland always gets more […]
Unemployment has stabilised but there will be economic pain ahead
There are high levels of business optimism. Survey after survey has told us this, from reports from Deloitte on large companies to evidence from the Federation of Small Businesses. Consumer savings are at an all-time high. People are itching to get out and spend the money they have been forced to accumulate. All in all, […]
Boris Johnson’s push for mass testing is set for failure before it even gets off the grounds
The campaign for regular, mass Covid testing has begun in earnest. From last Friday, everyone in England has been eligible to access lateral flow tests for free. The government would like people to test themselves twice a week. Under the slogan “Hands, Face, Space, Fresh Air”, the public is being urged to use the NHS […]
Keir Starmer still has time to shine as Labour leader
Since last summer, Starmers have been the stock to short. In June, the Leader of the Opposition enjoyed a net approval rating of plus 31 per cent. The latest polls show this has fallen into negative territory. But as with all stocks, past performance is not necessarily a guide to the future. In terms of […]
Government scientists must be transparent about flawed Covid models
The strength of the economic recovery as Britain emerges from lockdown is a hotly contested subject among economists. Some believe there will be a massive surge in demand as consumers celebrate their freedom, others argue it will take time to claw back confidence. Economic forecasts are subject to the same faults as any projections, as […]
London Councils – Volterra produces unemployment forecasts for the London labour market
Volterra was recently commissioned by London Councils to undertake a detailed piece of research on unemployed London residents and their future employment prospects. Essentially, the research establishes the unemployment picture across London historically, before analysing the impact that the COVID-19 pandemic has had on unemployment in London. Several forecasting scenarios have also been laid out […]
