Browsing: Economy

Economy
UK dairy firms try to count the cost of churn in post-Brexit trade
A small error in the paperwork – a box ticked by mistake – and the tanker of butter oil was held at French customs for five days, with veterinary authorities at the border threatening to destroy it. The debacle nearly cost the tanker’s exporter, dairy company County Milk, a six-figure sum. After fraught negotiations, the cargo was eventually repatr...
Economy
UK’s rising debts ‘can be coped with’, says rightwing thinktank
The government should not worry about its rising debt levels, according to an economic thinktank with close links to the Conservative party that was previously a champion of austerity.In the latest sign that attitudes to public debt may be shifting, the Institute of Economic Affairs (IEA) on Monday published a paper by two economics professors sayi...
Economy
Yellen seeks to tamp down concern over US government spending under Biden
The US treasury secretary, Janet Yellen, on Sunday sought to tamp down concerns that Joe Biden’s plans on infrastructure, jobs and families will cause inflation, saying spending will be phased in over a decade.“It’s spread out quite evenly over eight to 10 years,” the former chair of the Federal Reserve told NBC’s Meet the Press.She said the Fed wo...
Economy
Life in Northern Ireland v the rest of the UK: what does the data say?
One hundred years to the day after its foundation on 3 May 1921 Northern Ireland, on paper at least, is outdoing the rest of the United Kingdom on many metrics.The UK’s smallest country has seen the lowest unemployment rate on the British Isles for six consecutive quarters, reaching a record low in late 2019; pre-Covid tourism was booming ; and it ...
Economy
Size doesn’t matter for Scottish economic success. But planning does
Scotland’s population is similar to that of Norway and Denmark, both countries in the International Monetary Fund’s list of the top 10 richest in the world. So when Nicola Sturgeon says there is no reason why an independent Scotland could not make it on its own after independence she is absolutely right.All the evidence suggests that size really do...
Economy
Soaring house prices and cheap credit are creating the wrong sort of growth
The average house price, according to the Nationwide building society, rose by £6,000 in April, or £200 a day. In the course of the month, the cost of property increased by 2.1% – the highest one-month jump since 2004.Everywhere there are signs of boom conditions: buyers putting in offers without even seeing the property they are after; agents aski...
Economy
Brexit’s Mr Pooter may not survive his dispute with Cummings
Before he moved on to lower things, Boris Johnson lived in our neighbourhood, just off the Holloway Road in London’s Islington. Another famous Islingtonian who lived off the Holloway Road was the fictional Mr Pooter, protagonist of the Victorian classic Diary of a Nobody.Mr Pooter’s wife was called Carrie, and his close neighbour went by the name o...
Economy
Warren Buffett says online trading platforms encourage ‘gambling impulse’
Warren Buffett warned people not to think investing is an easy way to make a fortune as he answered a variety of questions at the annual meeting of his conglomerate Berkshire Hathaway.Speaking in Los Angeles, the legendary billionaire investor said it could be tough to pick the long-term winners. He pointed out that in 1903 there were more than 2,0...
Economy
Scotland nightclubs and bars launch legal action against Covid rules
Nightclubs and bars have launched legal action against the Scottish government’s coronavirus restrictions, describing the curbs as “no longer justifiable or proportionate”.The trade body Night Time Industries Association (NTIA) Scotland said it was mounting an attempt to end caps on venue numbers and limited opening hours.In Scotland, hospitality v...
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