A windfall tax raised by a money-hungry government will scare off our businesses

Rishi Sunak’s windfall tax on energy firms – what he called a “temporary targeted profits levy” – has gone down well with voters. The tax makes it look like money is raised from someone else and given to them through subsidies to their bills. Despite claims that the tax will yield an additional £5bn in […]

Uncertainty from our leaders is keeping our economic recovery wavering on the brink

In November last year, the UK’s total GDP output finally regained its pre-pandemic level. But although the economic recovery is on an upward trajectory, there is a disconcerting stop-start hesitancy to it. A reasonable indicator of where the economy stands in any given month is the purchasing managers’ index which shows the prevailing direction of […]

Virus modellers must admit their mistakes and learn from the practice of transparency

By now, we all know about the poor track record of prediction by the academic modelling teams advising the Scientific Advisory Group for Emergencies – Sage. The unreliable nature of economic projections is also evident, as analysis of  the Survey of Professional Forecasters (SPF) database shows. Yet the epidemiologists could still  learn from the experience […]