8 articles
• via Sky News
In a rare moment of candour, Bank of England Governor Andrew Bailey has acknowledged that Brexit will inflict permanent damage on the UK's economic growth. This admission highlights years of institutional silence and the harsh realities facing Britain's economy post-Brexit.
• via Sky News
The IMF forecasts Britain will have the second-strongest economic growth in the G7 this year. But it also predicts Britain will have the highest inflation and the weakest per-capita growth next year. This is not a contradiction. This is a symptom of deeper institutional problems.
• via The Guardian
Importing twice the steel it produces, relying on EU buyers for 78% of exports, and having no negotiated protections, Britain faces an 'existential threat' to its steel industry after the EU imposed 50% tariffs. This article explores the institutional failures and economic realities behind this crisis.
• via The Independent
When the CEO of a $700 billion pharmaceutical giant publicly declares that the UK is "probably the worst country in Europe" for drug prices, it's a stark warning sign. Eli Lilly's Dave Ricks isn't just lamenting high taxes; he's signaling a broader institutional failure that's driving investment and innovation out of Britain. This analysis explores how bureaucratic short-termism and irrational pricing schemes are dismantling what was once a global leader in life sciences.
• via The Guardian
While the UK government touts its economic prowess, the OECD paints a starkly different picture: Britain is set to endure the highest inflation in the G7 this year, with growth projections remaining sluggish. This report highlights the disconnect between political rhetoric and economic reality, revealing a nation grappling with self-inflicted economic challenges.
• via The Guardian
Seven months after Labour promised to end mass food bank dependency, 14 million Britons—one in six households—are now food insecure. With working families increasingly reliant on charity, the government's failure to tackle the root causes of poverty is driving systemic decline and social unrest.
• via Sky News
The recent turmoil in the UK bond market is a stark reminder that the Bank of England's independence is a thing of the past. As the government grapples with rising borrowing costs and a faltering economy, the central bank's ability to act as a credible counterweight has been severely undermined.
• via The Guardian
The Bank of England's latest survey reveals UK businesses are cutting jobs at the fastest rate in four years, a direct consequence of Chancellor Rachel Reeves' £25bn employer National Insurance raid. Despite promises of economic growth, the government's policies are systematically destroying the productive capacity they claim to champion.