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Tag Archives: David Smith’s other articles

We mustn’t begin to think yet of scrapping tax hikes and more public spending

We mustn't begin to think yet of scrapping tax hikes and more public spending 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 are past the peak in the pandemic, if that is not too many hostages to fortune, and we are past the hump in public borrowing, the budget deficit. This time last year, we reeled from monthly government...

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Furlough worked. Now it will be hard not to make it a habit.

Furlough worked. Now it will be hard not to make it a habit. 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. It is a mere 14 months ago, but it seems like longer, as have a lot of things over the past year or so. On March 20 2020. Rishi Sunak stood at the Downing Street podium and announced an economic intervention “unprecedented in...

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Growth’s back – and so is the great debate over inflation

Growth's back - and so is the great debate over inflation 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 all the great battles of our time, including the culture wars, one thing you might not have expected is for conflict to be fought out over the GDP (gross domestic product) statistics. Last week the official statisticians gave...

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The makers are on the march – but can it last this time?

The makers are on the march - but can it last this time? 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. It is not often I get a chance to say this, but manufacturing industry is on a roll. Surveys show that manufacturing is bouncing strongly. The numbers for manufacturing are more positive than for a very long time, and this is not...

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There is no economic silver bullet, but every little helps

There is no economic silver bullet, but every little helps 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. Every so often people start to think great thoughts about improving the performance of the British economy. Nearly 60 years ago, there was a flurry of such thinking. We would give our eye teeth for the UK’s absolute performance...

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The Covid debt isn’t going away. We will have to live with it

The Covid debt isn't going away. We will have to live with it 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. Cast your mind back a couple of years, if you can, to the spring of 2019. At that time, most of the indicators relating to Britain’s public finances were flashing green. The budget deficit, which for the 2018-19 fiscal year...

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Pluses and minuses of the return to business as usual

Pluses and minuses of the return to business as usual 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. Things are changing, and not so imperceptibly. If you have ventured out to the shops in recent days you will have noticed that there are people around. Not necessarily madding crowds, at least in the ones I have visited, but certainly...

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The virus cost trillions, but the world is bouncing back

The virus cost trillions, but the world is bouncing back 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. Every six months by tradition, to coincide with its spring and autumn meetings, the International Monetary Fund provides an update on the outlook for the global economy. In recent years it has supplemented that with world economic outlook updates in January and late June...

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Will Britain’s consumers splash their stash of cash?

Will Britain's consumers splash their stash of cash? 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. Many conversations about the UK economy involve consumer spending, which is not surprising. In normal circumstances – counting 2018 and 2019 as normal – it accounts for 62 per cent of the country’s gross domestic product. Most of those conversations, over the years, have been...

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Europe’s third wave will not derail the recovery

Europe's third wave will not derail the recovery 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. Boris Johnson is famously said to be an admirer of the mayor in the Jaws, who kept the beach open despite the shark, though that has not been reflected in his lockdown strategy. And, as the promotions for that film said, just when you thought it was safe to go back into the water...

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