On the government’s preferred measure of inflation, CPI(H), March brought the figure down to 2.3%. On the CPI measure excluding housing it fell to 2.5%. This means real wages and incomes are rising faster than many commentators realised. It is a remi… read more
The pound drew level with the rate it reached prior to the referendum, hitting $1.43 again. The only negative forecast of the Remain campaign that they kept repeating after the event because they thought it had more chance of success has now joined t… read more
The EU rests on the four freedoms – the free movement of goods, people, capital and ideas. It central political driver is now the Euro. The UK has never been willing to join the Euro, with around 80% of the public opposed and both major political part… read more
The British Retail Consortium reported a few days ago that March retail sales overall rose by 2.3% year on year. They said “This is above the 3 months and 12 months moving averages of 1.8% and 1.9% respectively but is positively distorted by the timi… read more
On Thursday evening I gave a lecture at Middlesex University about the long period of the UK’s membership of what became the European Union, and why it led so many UK voters to conclude we will be better off out. Two things were most neglected in t… read more