British economy

Only now are the true costs of quantitative easing being felt - all £200bn

Only now are the true costs of quantitative easing being felt – all £200bn

It’s a similar picture, albeit on a much larger scale, at both the US Federal Reserve and the European Central Bank (ECB). Britain is a forerunner in recognizing these costs. Eventually, the ECB will be forced to confess as well. Expect a furious row in the German Bundestag when it emerges that the ECB is …

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Get ready for the weirdest recession in history

Get ready for the weirdest recession in history

Call it Britain’s non-recessionary recession. Already, the current downturn, which the Bank of England predicts as the longest since records began, is shaping up to be a curiosity, with few of the attributes you would normally associate with a recession. Rising unemployment? Few signs so far. Ride bad debt experience? Again, nothing exciting. Falling real …

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Elon Musk abandons Twitter's Covid misinformation policy

Elon Musk abandons Twitter’s Covid misinformation policy

Elon Musk’s tumultuous month at the top of Twitter has already included firing most of the company’s employees, tinkering with key features and restoring banned accounts. Now he’s embarking on what might be his riskiest bet yet: a war with Apple. The billionaire attacked the iPhone maker with a flurry of tweets on Monday, claiming …

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High taxes and 'no future' raise fears of mass exodus of young Britons

High taxes and ‘no future’ raise fears of mass exodus of young Britons

Bloomberg analysis found that the marginal tax rate – ie how much you are taxed for every extra pound you earn – is 42% for people earning over £50,270 and 62 % for those earning over £100,000. Having to pay more to the public coffers makes life in the UK less attractive according to David …

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Support for winter energy bills will cost taxpayers £1,800 per household

Support for winter energy bills will cost taxpayers £1,800 per household

Ofgem raised the energy price cap this morning, meaning nothing for UK households in the short term but a lot for the Treasury. The price cap will rise to £4,279 from January, meaning the government will have to pay nearly £1,800 per house over the year after limiting household bills to £2,500 as part of …

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How the middle classes are killing their must-have shopping brands

How the middle classes are killing their must-have shopping brands

So farewell Joules, purveyor of corduroy gentleman’s trousers in an eye-catching shade of crushed raspberry, velor pet bed (in yorkie, spaniel or long dog sizes), ballet slippers, rugby shirts and of all sorts of other items that festoon the middle -class house all over the grounds. A store goes bankrupt that is not so much …

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Prepare for an exodus from zero-growth Britain

Prepare for an exodus from zero-growth Britain

Instead, the UK has now committed to its highest level of taxation in fifty years, with most of the money spent on an unreformed health service, and triple lockdown for the retirees, with taxes rising forever, and with businesses, entrepreneurs, and savers subjected to endless raids on their “unearned income.” It’s a recipe for stagnation. …

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It's not sound money.  It's socialism

It’s not sound money. It’s socialism

There’s a new word doing the rounds to describe the Tories after Jeremy Hunt’s £55billion autumn tax and spending statement and it doesn’t make very comfortable reading. “Consocialists” was a term coined by Reform leader Richard Tice to sum up the once-Thatcherite party’s leftward shift, but after Thursday’s unprecedented tax grab it has now entered …

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