Get the Bank of England focused on the real economy
Economic policy is returning to its usual position of prominence. Fears of a major rise in unemployment are starting to worry the government more than fears around Covid-19. The chancellor’s imaginative schemes concerning furlough and other measures to protect jobs create potential problems elsewhere. So much money is being borrowed that the ratio of public […]
What can we learn from the Black Death? Be prepared, trust entrepreneurs, and have faith
Can we learn from history? An excellent book by Ben Gummer on the Black Death in fourteenth century Britain, The Scourging Angel, shows that we can. Published 10 years ago, the book offers many intriguing parallels with the Covid-19 crisis. Of course, the Black Death was almost incomprehensibly more lethal. Around 50 per cent of […]
Covid crisis has exposed the Scottish nationalists once again
In London, the Covid virus is disappearing rapidly. Hospital trusts are increasingly reporting days with no new cases at all. During the crisis, there has been a proliferation of home-made signs in rural locations telling city dwellers, with varying degrees of politeness, to turn back and go home. Will we now see messages at junctions […]
Crisis could be a chance to change education for the better
In the mid-19th century, Japan was an impoverished feudal backwater. A fleet of American warships totally humiliated their navy, and compelled Japan to sign a highly disadvantageous treaty. Within a matter of just a few years, the Japanese completely transformed their system of government and industrialised very rapidly. This is just one of many historical examples […]
The unions stand on the precipice
Len McCluskey, the leader of the trade union Unite, probably did as much as anybody to ensure Boris Johnson’s massive electoral victory last December. A fervent supporter of Jeremy Corbyn, his grip on the Labour Party machine compelled Labour to fight the election with its most unpopular and inept leader in history. McCluskey is up […]
Mythbusting coronavirus is vital for life to go back to normal
As the government plans the timetable for getting Britain back to work, opinion polls continue to show strong support for the lockdown. An Opinium poll at the weekend is typical. Unsurprisingly, given the overwhelming scientific evidence on dangers associated with large gatherings, a massive 84 per cent of respondents thought stadiums should not be reopened […]
Coronavirus: Fake news that an elderly lockdown is remainer revenge could spread
The attention of policy makers has been focused on the science of how viruses either spread or are contained in social networks. Just as crucial in the current circumstances is the spread of beliefs and behaviour. Will people continue to observe social distancing once the lockdown is eased, or will they revert to pre-lockdown patterns […]
Coronavirus: NHS staff are let down by bureaucracy
The praise for health workers dealing with Covid-19 is universal. From cleaners and porters to the most distinguished consultant, all have played their part. But they are working in an administrative system almost Kafka-esque in its lunacy. An early example was when NHS workers turned up to be tested at the huge PHE complex at […]
Coronavirus: Economists have a role to play in recovery
Lockdowns are starting to be eased in Europe. Austria, Denmark, Italy and Spain are all moving back towards normality. At some point during May, the UK will follow. We can reflect on what the government has got right and wrong so far in the opening phase of the pandemic. This is emphatically not to apportion […]
Coronavirus: A traffic light loosening gives the economy hope
The strategy of exiting from the lockdown is far too important to be left in the hands of health professionals. The government’s advisors have played very valuable roles in helping to avert the sort of crisis which overwhelmed the health services in Northern Italy. Many who were seriously ill with the virus died unnecessarily because […]
