Author Archives: Rick

Brexit is a one-way door

In his annual letter to shareholders, published earlier this month, Amazon CEO Jeff Bezos said this about decision-making: Some decisions are consequential and irreversible or nearly irreversible – one-way doors – and these decisions must be made methodically, carefully, slowly, … Continue reading

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Fishing for red herrings

When it comes to the Brexit debate, employment law isn’t really that big a deal. But as Sarah O’Connor says, both sides are trying to make it into one: Some in favour of Britain leaving the EU, such as Patrick Minford, economics professor at … Continue reading

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Current account deficit rains on George Osborne’s parade

The chancellor made the most of yesterday’s news that GDP growth for the last quarter of 2015 was slightly higher than expected and the UK’s post-recession growth has now overtaken the average for the G7. He said: Today’s figures confirm that Britain remains … Continue reading

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UK employers pillaging Europe’s talent

The UK has one of the highest rates of overqualification in Europe. Research by the Institute of Public Policy Research two years ago placed Britain towards the upper end of the overqualification league table for those with both graduate and upper secondary … Continue reading

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Another threat to the deficit target: Tory MPs

A couple of people asked me, earlier this week, what the hell was happening with welfare cuts. Are they on? Are they off? What does no more cuts really mean? I was as clueless as the next man, though, which is … Continue reading

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Self-employed slide further into poverty

The state of self-employed incomes doesn’t seem to be getting any better. Research published by the Social Market Foundation yesterday found that the proportion of low paid self-employed, based on both hourly and monthly earnings, has increased significantly since the recession. Around 55 percent … Continue reading

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The economy’s British summer

The spring equinox was at 4.30 this morning, heralding lighter evenings and, we hope, much warmer days. Last week’s economic forecast by the Office for Budget Responsibility felt distinctly autumnal though. This, the important story from the budget, barely made it onto … Continue reading

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