Is the focus on tariffs on goods missing the point? Part two

As I discussed last week, global economic growth is at risk from the US government’s imposition of tariffs on trade with China. But the focus on physical trade in goods is also missing an important point: the future, and the present, for some countries, is more about data flows than physical products. Unlocking the benefits …

Minding the gap – UK rewards to labour and capital differ significantly

Chart C - Poor wage growth is an international

Last week saw the release of labour market data for the UK. It showed: unemployment at a 1975 low of 4% employment at an all-time high since data was collated on this basis in 1971, at 75.2% of the labour force, and wage inflation rising at its fastest nominal pace since 2008, up 3.4% including …