Thursday , January 23 2020
Home / David Smith’s EconomicsUK

David Smith’s EconomicsUK

EconomicsUK is the personal Original of David Smith, the Economics Editor of The Sunday Times, London. His easy to understand writing and clearly defined causes and consequences makes this an accessible blog for beginners.

A rate cut now would be a vote of no confidence

A rate cut now would be a vote of no confidence Posted by David Smith at 09:00 AMCategory: David Smith's other articles My regular column is available to subscribers on www.thesundaytimes.co.uk This is an excerpt. Things have taken an unexpected turn, which is always interesting. Financial markets have, in the space of a couple of weeks, gone from thinking that there is no chance of an interest rate cut this month to expecting one. January 30 will be the last interest rate decision...

Read More »

Hoping for the best on Brexit and world trade

Hoping for the best on Brexit and world trade Posted by David Smith at 09:00 AMCategory: David Smith's other articles My regular column is available to subscribers on www.thesundaytimes.co.uk This is an excerpt. This is a time for looking forward, not back, but I thought it would be instructive to look back briefly at what I have said in recent years in these new year pieces. This time last year I wrote that the economic outlook depended to a disturbingly large extent on achieving a...

Read More »

Forecasters were too upbeat on growth but too gloomy on jobs

Forecasters were too upbeat on growth but too gloomy on jobs Posted by David Smith at 09:00 AMCategory: David Smith's other articles My regular column is available to subscribers on www.thesundaytimes.co.uk This is an excerpt. The table to accompany this piece is also in the Sunday Times. The moment has nearly arrived, not just the end of the year but the end of the 2010s decade. Nobody has yet come up with a good name for this decade, which was never roaring though probably was a...

Read More »

As well as infrastructure, regions need a shot of entrepreneurial spirit

As well as infrastructure, regions need a shot of entrepreneurial spirit Posted by David Smith at 09:00 AMCategory: David Smith's other articles My regular column is available to subscribers on www.thesundaytimes.co.uk This is an excerpt. With the passing of the years, I find it increasingly useful to scribble reminders for myself on Post-it notes, as an aide memoire of things that have to be done. I am pleased to say that Sajid Javid, the chancellor, adopts the same approach, or at...

Read More »

A big win – now Tories need to reboot the economy

A big win - now Tories need to reboot the economy Posted by David Smith at 09:00 AMCategory: David Smith's other articles My regular column is available to subscribers on www.thesundaytimes.co.uk This is an excerpt. The best post-election stories, as far as economic policy is concerned, are those when there is a change of government. There is the hardy perennial of the Tory chancellor Reginald Maudling leaving a note in 1964 to his Labour successor and friend Jim Callaghan, saying:...

Read More »

The election’s nearly over, but uncertainty will remain

The election's nearly over, but uncertainty will remain Posted by David Smith at 09:00 AMCategory: David Smith's other articles My regular column is available to subscribers on www.thesundaytimes.co.uk This is an excerpt. The first rule of forecasting is that the closer is an event, the more cautious you should be about predicting the outcome. That will not stop a wave of such predictions in the coming days, and it has not stopped the financial markets from, for example, pushing the...

Read More »

More Stoke-on-Trent than Singapore-on-Thames

More Stoke-on-Trent than Singapore-on-Thames Posted by David Smith at 09:00 AMCategory: David Smith's other articles My regular column is available to subscribers on www.thesundaytimes.co.uk This is an excerpt. General elections are occasions when political parties can set out their visions for the country, allowing voters to choose between their wares. Labour has done so emphatically, as discussed here last week. We can say, beyond any doubt, that the country would look very...

Read More »

Labour’s four-day week is just a terrible waste of time

Labour's four-day week is just a terrible waste of time Posted by David Smith at 09:00 AMCategory: David Smith's other articles My regular column is available to subscribers on www.thesundaytimes.co.uk This is an excerpt. Sometimes you are just spoiled for choice and, suspend your disbelief for a second, on this occasion it is the politicians who are spoiling us. The Tories will be revealing all in their manifesto today, an odd day for a launch, but they will have to go some to match...

Read More »

Wages up, jobless down, but confidence is lacking

Wages up, jobless down, but confidence is lacking Posted by David Smith at 09:00 AMCategory: David Smith's other articles My regular column is available to subscribers on www.thesundaytimes.co.uk This is an excerpt. Students of British election history will know that official figures can often scupper the best-laid plans of political parties. Bad trade figures, by legend inflated by a couple if jumbo jets, famously helped cost Harold Wilson, the Labour prime minister, a general...

Read More »

Spend, spend, spend, but beware the bond market

Spend, spend, spend, but beware the bond market Posted by David Smith at 09:00 AMCategory: David Smith's other articles My regular column is available to subscribers on www.thesundaytimes.co.uk This is an excerpt. This is turning into an autumn of cancellations, not of trains because of leaves on the line, though no doubt there have been some of those, but of economic events. Last Wednesday was supposed to be Sajid Javid’s first budget but it was cancelled because of the election, the...

Read More »