Today’s UK budget is called ‘the budget for growth’ with the four E’s of enterprise, education, employment, and everywhere. Jeremy Hunt heavily trailed the latter in a speech he made at Bloomberg’s offices in January. Many of the proposals in the Budget were as expected and were known by the media. In other words, there …
Is the focus on tariffs on goods missing the point? Part one
One of the significant risks to global growth this year just got bigger. Last week, the US increased tariffs by 25% on $325bn worth of Chinese goods. But, in reality, it’s a tax on US consumers who have to pay it to the US government, and will therefore slow economic growth in the US. By …
Continue reading “Is the focus on tariffs on goods missing the point? Part one”