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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.

Mind the skills gap, or we really will struggle

Mind the skills gap, or we really will struggle 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 Organisation for Economic Co-operation and Development (OECD) attracted headlines this week by saying that leaving the European Union will damage the economy and stifle growth for years, and that Britain’s best interests will be served by maintaining the closest...

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Don’t give up the ghost entirely on Britain’s productivity

Don't give up the ghost entirely on Britain's productivity 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 biggest UK economic news this week came from an unusual source. When the Office for Budget Responsibility (OBR), reviews its own forecasts, as it does regularly, this is normally one for the nerds and pointy-heads. But, without wishing to align myself too...

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Clueless on Brexit – and it is taking its toll

Clueless on Brexit - and it is taking its toll 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. Give Us a Clue was a popular TV show featuring the entertainer Lionel Blair. It was also what Tony Blair, no relation I think, was reported to have said to Gordon Brown when the latter, as chancellor, was refusing to divulge his budget plans to his prime minister. Give us a...

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Lessons in how to wreck an economy

Lessons in how to wreck an 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. This is the way economies descend into chaos and failure. A weak and divided government, out of energy and ideas, capitulates to the most left-wing Labour government in recent times. The difficulties of Brexit are compounded by an anti-business, anti-enterprise agenda. Two years ago...

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It’s been a woman’s world in the job market

It's been a woman's world in the job 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. It would have been easy this week to focus on the latest projections from the Organisation for Co-operation and Development (OECD), which are for a slowing British economy at a time when the global economy is speeding up, something which does not normally happen. And, while...

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The Bank can’t afford to cry wolf on rates again

The Bank can't afford to cry wolf on rates again 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. A Rip Van Winkle who went to sleep 20 years ago and woke up around midday last Thursday, when the Bank of England made its latest interest rate announcement, would be more than a little bemused. The level of official interest rates – 0.25% - the lowest in the Bank’s...

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Lessons from the first Brexit for Britain’s EU departure

Lessons from the first Brexit for Britain's EU departure 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 Brexit process is proving slower and more difficult than even I expected. Fifteen months after the vote, and with a failed election gamble in between, we have barely got to first base. David Davis, the Brexit secretary told the House of Commons last week that...

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Taxes and uncertainty blight Britain’s housing market

Taxes and uncertainty blight Britain's housing market Posted by David Smith at 09:00 AMCategory: My regular column is available to subscribers on www.thesundaytimes.co.uk This is an excerpt. Hope springs eternal in Britain’s housing market. Estate agents look forward to the next buying and selling season, in this case the autumn, with touching optimism, no matter how bad things are now. When Bank of England figures a few days ago showed slightly stronger mortgage approvals than...

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Job done: How we got down to work after the crisis

Job done: How we got down to work after the crisis 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. It is time to give credit where it is deservedly due. I am referring to something that, without which, recent years would have been infinitely more difficult than they have been. The old adage, that it is a recession when your neighbour loses their job, a depression when...

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A spanner in the works for Britain’s growth potential

A spanner in the works for Britain's growth potential 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 has been like one of those moments when you get somebody to look under the bonnet of your car because it has been making a strange noise and seems incapable of maintaining any sort of speed. The mechanic takes a look and emerges with a shake of the head. Some...

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