Category: STATE OF THE ECONOMY

Furlough Scheme: What Happens Next?

Anne Marie Waters Tuesday 13th October 2020   I’ll return to my series of reviews of Thomas Sowell’s Economic Facts and Fallacies in the coming weeks, but for now, Rishi Sunak has announced his latest plans for the economy.  It will involve a lot more spending, and a lot more uncertainty as to where that…

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The Tories and the Economy – Failure after Failure

Anne Marie Waters Tuesday October 6th 2020   In recent weeks, I’ve been covering the work and ideas of American economist Thomas Sowell by reviewing his book Economic Facts and Fallacies.  I will continue this review in the coming weeks,  but for now, a look at the current economic situation in Britain is warranted.  Once…

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Economic Facts & Fallacies – Part Three

Anne Marie Waters September 29th 2020   In this series of blogs, I’m looking at some of the ideas of the American economist Thomas Sowell, and specifically his book Economic Facts and Fallacies.  You can read parts one and two here. This week’s topic is highly topical and Sowell puts forward the most fascinating arguments…

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Economic Facts and Fallacies – Part Two

Anne Marie Waters September 22nd 2020   In the first of this blog series (you can read part one here) I looked at the concept of fallacy as put forward by noted economist Thomas Sowell in his book ‘Economic Facts and Fallacies’. In part one, I described Sowell’s definition of the word ‘fallacy’, which he…

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Economic Facts and Fallacies – Part One

Anne Marie Waters Tuesday September 1st 2020   You may be familiar with Thomas Sowell, the American economist.  If not, I recommend his work.  He grew up in Harlem and is now a senior fellow at America’s prestigious Stanford University.  Sowell is not your average “PC” academic, he’s willing to put forward the sensible view…

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State of the Economy: Much the Same

Anne Marie Waters Tuesday August 11th 2020   It feels as though this column only ever features bad news, but that is hardly surprising given the times we are in.  Those times are tough and getting tougher.  It’s worth a quick recap to remind ourselves where we are. It began in mid March, just about…

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State of the Economy: Unknown

Anne Marie Waters Tuesday July 21st 2020   I say the state of the economy today is unknown because it felt like the only appropriate word (other than “terrifying” which probably wouldn’t help the situation!) The government’s furlough scheme will soon end, and then UK business will need to stand on its own feet again…

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State of the Economy: Fragile

Anne Marie Waters Tuesday July 7th 2020   It’s back!  Our economy has now pretty much re-opened, so how is it going?  The short answer is: mixed (again). The re-opening of pubs and restaurants (and others) on July 4th did not deliver the economic boost that was hoped.  High street footfall for that weekend was…

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State of the Economy: Better

Anne Marie Waters  Tuesday 23rd June 2020   So, we’ve got the first week of post-lockdown high street trading under our belt, but how did it go? A mixed bag.  The economy is gaining momentum, according to the Telegraph, and we’ve had “a record surge in activity”.  Manufacturers led the biggest growth spurt since 1998…

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State of the Economy: Re-Opening

Anne Marie Waters  Tuesday 16th June 2020    Queues wound through organised blocks yesterday as Britain’s retailers re-opened, and we got an idea of the changes we’ll see on the high street the post-coronavirus crisis.  After reading through the rules in place, I’m sure I won’t be the only one who isn’t looking forward to…

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State of the Economy: Changing

Anne Marie Waters  Tuesday May 26th 2020   Former BBC ‘Dragon’ Theo Paphitis has declared that “retail will never ever be the same again” when economic life begins to stagger back to normality.  The coronavirus lockdown has closed all shops except those selling food and medicine, and it has been this way for more than…

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The State of the Economy: Shrinking

Anne Marie Waters  Tuesday May 5th 2020   Almost a quarter of the UK’s workforce is currently funded by the Government.  Figures show that 6.3 million people are now paid through the government’s job retention scheme that funds 80% (or £2,500) of workers’ wages. This amounts to 23% of the workforce.  In addition to this,…

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