Latest
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Central banks can’t solve our current economic problems
Analysis Traditionally, as we hit recessionary times, central banks have lowered interest rates. But that’s not an option this time. If anyone can help dull the economic pain, it’s not the Bank of England, it’s the government. John Stepek explains why.
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Who will be the next prime minister and what are the bookies’ odds?
News The Tory leadership contest is in its final phase. Matthew Partridge reports on the contest and looks at who the bookies’ favourite is.
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The public may have reached its limit for tax rises
Editor's letter The UK tax burden is now at a 70-year high. And, while there may be some reason to hold off on cuts right now, taxes are too high because the state tries to do too much. Perhaps it should do less, says Merryn Somerset Webb.
Editor's letter -
Boris Johnson's exit leaves Britain with a towering in-tray
Briefings Britain’s economic problems are rapidly piling up after the last few years of drift and chaos. What should we do first?
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Things may look bad – but they’re not that bad
Editor's letter The UK faces plenty of problems, says John Stepek. But things may not be as bad as they look. Our debt to GDP ratio is lower than many other major economies, and high employment means a healthy tax take. That gives the new chancellor room to cut taxes so people can keep more of their own money.
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Even if we end up in recession, a more inflationary world awaits us
Analysis The idea that a recession will drive down interest rates – and thus inflation – is flawed, says John Stepek. The disinflationary forces of the recent past had nothing to do with central banks, and now they have gone. Inflation will be here for some time yet.
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Is inflation about to drop as recession takes hold?
Analysis Central banks are raising interest rates in an attempt to curb soaring inflation. But will that push the economy into recession? John Stepek looks at how we got here and where things might go next.
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Car hire and the strangeness of the post-pandemic economy
Editor's letter A global shortage of hire cars and unusually high hotel occupancy rates sum up the post-pandemic global economy in a nutshell, says Merryn Somerset Webb, with enhanced demand meeting restricted supply.
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Why a recession will do us good
Opinion A period of slimming down is always painful, but it leaves us healthier for the long run, says Matthew Lynn.
Opinion
