Posts Tagged Brexit

Look to Twitter for why Britain’s economy proved Project Fear wrong

Look to Twitter for why Britain's economy proved Project Fear wrong

The economic data on post-Brexit Britain is beginning to emerge.  We discovered last month that employment in May to July grew by 174,000 compared to the previous three months.  Last week, the Office for National Statistics published its estimate for the output of the service sector of

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Brexit was the final straw: it’s time to scrap the IMF

Brexit was the final straw: it's time to scrap the IMF

Sports fans will all be familiar with the commentator who almost always gets things wrong. “Arsenal are very much on top here” he – it is invariably a “he” – will pronounce, or “Root is looking very settled”, only for the opposition to score a goal immediately

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Corbyn is completely out of touch with the real debate about UK austerity

Corbyn is completely out of touch with the real debate about UK austerity

Following the Brexit vote, normal service seems to have resumed. A key question in economic policy since the General Election of 2010 has moved centre stage once again: should the government abandon austerity? At one level, the question has an easy answer. Interest rates are now so low

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Why the economic picture tends to be rosier than initial estimates suggest

Why the economic picture tends to be rosier than initial estimates suggest

One of the surprises of last week was the Office for National Statistics (ONS) estimate of economic growth in the second quarter of 2016, the period from April to the end of June. In the run up to Brexit, the economy expanded by 0.6 per cent on

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Why austerity must be the order of the day for May’s chancellor

Why austerity must be the order of the day for May's chancellor

On the face of it, the Brexiteers have a bit of explaining to do. A week before the vote, Boris Johnson dismissed fears about the value of sterling, and accused the governor of the Bank of England of “talking the economy down”. Yet the economy does seem

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How Stalin’s right-hand man could help the UK in EU exit negotiations

How Stalin's right-hand man could help the UK in EU exit negotiations

The topic of behavioural economics is very fashionable. But many economists remain rather sniffy about it, arguing that it often does not really add to what the discipline already knows. But one of its most distinctive and strongest results from a policy perspective is its emphasis on

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The only way could be down for shares – and Brexit is just the catalyst

The only way could be down for shares - and Brexit is just the catalyst

The Brexit vote creates many uncertainties, exciting or frightening depending on your predilection. One thing which is certain is that the Leave victory was delivered by the less-skilled sections of the electorate. It seems part of a more general stirring up of what we might think of

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The EU referendum has shown just how irrational voters are

The EU referendum has shown just how irrational voters are

Some things never seem to change.  In the mid-16th century, in the course of her short reign Queen Mary, a daughter of Henry VIII, tried to restore Catholicism.  To this end, she arranged to marry King Philip of Spain, at a time when Spain dominated Europe.  The

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Old Europe’s poor innovation record is a harbinger of long-term stagnation

Old Europe's poor innovation record is a harbinger of long-term stagnation

The economic debate around Brexit has been disappointing.  Far too many of the points focus on the short-term.  Would Brexit precipitate a sterling crisis?  Well, if it did, at some point the currency would bounce back?  Would it tip us into a recession?  Maybe, but recessions come

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The poor state of macro justifies scepticism with Brexit disaster forecasts

The poor state of macro justifies scepticism with Brexit disaster forecasts

David Cameron has tried to frame the Brexit debate into one based on economics.  Standing with him is the overwhelming consensus of economists themselves, from academics to the International Monetary Fund (IMF).  Their pronouncements are not having that much impact on the electorate if the polls are

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