Economist, Visiting Professor, Lecturer, Writer, Public Speaker.
Let’s begin with a few quotes from Adam Smith to set the context for the following discussion about why free trade matters: “After the division of labour has once thoroughly taken place, it is but a very small part of these [necessaries, conveniencies, and amusements] with which a man’s own labour can supply him. The …
Continue reading “The philosophical underpinnings of free trade and free markets”
Even with one of the largest parliamentary majorities in its history and the Conservatives with their lowest-ever vote share, the incoming Labour administration faces a daunting task: improving UK economic growth. It knows that was why it was elected; after all, growing the economy through increased productivity was the focus of its election campaign. It …
Continue reading “An historic election win but big challenges loom”
It’s hard to find anything to like in the Autumn Statement delivered by Jeremy Hunt. While on the surface, the 2% cut in National Insurance contributions seems like a good idea, it looks worse the more you examine what it means and its implications. The Office for Budget Responsibility (OBR) references to the ‘headroom’ to …
Continue reading “An election Budget that does not address UK challenges”