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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.

The big squeeze on incomes is not just for Christmas

The big squeeze on incomes is not just for Christmas Posted by David Smith at 09:00 AMCategory: David Smith's other articles My regular column is available to subscribers on www.thetimes.co.uk This is an excerpt. Not to be reproduced without permission. There are some questions that are bigger and more important to most people than whether the Bank of England nudges interest rates up a little. As it happens, the dog did not bark on Thursday and the Bank left interest rates unchanged,...

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A scary Halloween story on inflation and interest rates

A scary Halloween story on inflation and interest rates Posted by David Smith at 09:00 AMCategory: David Smith's other articles My regular column is available to subscribers on www.thetimes.co.uk This is an excerpt. Not to be reproduced without permission. Amid the avalanche of information we get at times like this, which nobody normal can possibly make sense of, let alone the MPs patiently sitting through Rishi Sunak’s slightly surreal budget speech a few days ago, one thing jumped...

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Sunak prays that the pandemic’s economic scars are healing

Sunak prays that the pandemic's economic scars are healing Posted by David Smith at 09:00 AMCategory: David Smith's other articles My regular column is available to subscribers on www.thetimes.co.uk This is an excerpt. Not to be reproduced without permission. The budget, which will be unveiled by Rishi Sunak on Wednesday, alongside the government’s comprehensive spending review, is usually one of the biggest occasions of the year for people like me. Wednesday’s announcements will, it...

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Global Britain badly needs to improve its export game

Global Britain badly needs to improve its export game Posted by David Smith at 09:00 AMCategory: David Smith's other articles My regular column is available to subscribers on www.thetimes.co.uk This is an excerpt. Not to be reproduced without permission. Trade is in the news again. Felixstowe has been clogged up with tens of thousands of uncollected containers and big ships have been diverted elsewhere to ports within the EU. There are said to be similar strains at other ports, caused...

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Sunak on tenterhooks over a rise in borrowing costs

Sunak on tenterhooks over a rise in borrowing costs Posted by David Smith at 09:00 AMCategory: David Smith's other articles My regular column is available to subscribers on www.thetimes.co.uk This is an excerpt. Not to be reproduced without permission. In the elegant Court Room of the Bank of England’s Threadneedle Street headquarters, there ls one of the most famous weathervanes in the world. Installed more than two centuries ago, its function was to tell the Bank which direction the...

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As pandemic support ends, get ready for the hard yards

As pandemic support ends, get ready for the hard yards Posted by David Smith at 09:00 AMCategory: David Smith's other articles My regular column is available to subscribers on www.thetimes.co.uk This is an excerpt. Not to be reproduced without permission. There was some good news on the economy a few days ago, which you may have seen. The economy grew by 5.5 per cent in the second quarter, up from an initial 4.8 per cent estimate of the rise in gross domestic product. It meant that the...

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Amid chaos, this recovery is starting to look very messy

Amid chaos, this recovery is starting to look very messy Posted by David Smith at 09:00 AMCategory: David Smith's other articles My regular column is available to subscribers on www.thetimes.co.uk This is an excerpt. Not to be reproduced without permission. The story so far. Energy suppliers are dropping like flies and millions of households and businesses face higher bills. The government has just paid an American-owned fertiliser manufacturing firm tens of millions of pounds to keep...

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There’s a real risk that the inflation cat is out of the bag

There's a real risk that the inflation cat is out of the bag Posted by David Smith at 09:00 AMCategory: David Smith's other articles My regular column is available to subscribers on www.thetimes.co.uk This is an excerpt. Not to be reproduced without permission. As inflation shocks go, the one unveiled a few days ago was quite a big one. The jump in consumer price inflation from 2 to 3.2 per cent in August was, according to official statisticians, the largest ever recorded increase in...

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After this dog’s dinner. can we sustain record taxes?

After this dog's dinner. can we sustain record taxes? Posted by David Smith at 09:00 AMCategory: David Smith's other articles My regular column is available to subscribers on www.thetimes.co.uk This is an excerpt. Not to be reproduced without permission. We have had some momentous announcements in the past week, dwarfing most budgets, though without the red box, the choreographed photo opportunities and the usual theatre. There are a couple of big questions I want to try to answer...

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