Ross Clark is a leader writer and columnist who has written for The Spectator for three decades. His books include Not Zero and The Road to Southend Pier.
Britain is beset by low productivity and stagnant growth, and things are not getting better. In the public sector, productivity stands at 7.4 per cent lower than it did before the pandemic. Until we can generate more growth in the economy, we cannot grow richer and real wages cannot grow. An uncontroversial statement, you might
Today, if you feel so inclined to celebrate it, is Brexit Day: the date on which, three years ago, Britain formally left the EU – although the transitional arrangements kept us effectively within the bloc for a further 11 months. But does anyone feel like celebrating? Only really in the Lincolnshire Wash, going by an opinion poll
Just what is a UK government supposed to do to keep the IMF happy? This morning it has issued a bulletin predicting that the UK will be the only major economy to shrink in 2023 – by 0.6 per cent – and blaming it on ‘tighter fiscal and monetary policies’. This represents an even-bleaker outlook than
So now we know what Britain’s great green economy looks like. First, the good news: construction of electric cars in Britain increased by 4.5 per cent in 2022 to 234,066 vehicles. Now the bad news: overall car production slumped to its lowest level since 1956, with just 775,014 units rolling off the production line. Britain
Every month, we are bombarded with the Consumer Prices Index (CPI), the main inflation measure. It is currently running at 10.5 per cent, and although this is slightly down over the past two months, it is still far, far above the Bank of England’s target of two per cent. But what about inflation for people
Remember the Waspi women, who used to leap up and down outside Tory conferences for the right to continue to retire at 60? They claimed that their carefully laid retirement plans had been thrown into disarray by the government’s decision to equalise women’s retirement age with that of men – even though they had been
Still resisting installing a smart meter in your home? If so, the National Grid might make you think again – by offering you free electricity. With low temperatures boosting demand for power, and output from wind and solar farms looking a little flaky, the grid needs to cut demand to avoid blackouts. This has prompted it
Lucky old Americans. They only had to put up with one fruitcake as president, in Donald Trump. It could have been worse. But for a few hanging chads in Florida in the 2000 Presidential election, they could have ended up with Al Gore. It isn’t just the hanging chads, though, that have become unhinged, but
The dead went unburied and the rubbish piled high in Leicester Square. Then a suntanned Jim Callaghan arrived back at Heathrow from a summit in Guadeloupe to tell reporters, in words fairly paraphrased in the Sun headline: ‘Crisis. What crisis?’ The Prime Minister said that he didn’t think the rest of the world, looking at
Oil prices are down, wholesale gas prices are down, so why isn’t inflation falling a lot faster than it is? The Consumer Prices Index (CPI) for December, announced this morning, stood at 10.5 per cent, down from 10.7 per cent in November and 11.1 per cent in October – a welcome boost but still way,
Just why is Chris Skidmore’s review into the government’s target to achieve net zero carbon emissions by 2050 called an ‘independent’ review? It somewhat stretches the definition of the word ‘independent’. Skidmore was the very minister – the Energy and Clean Growth Minister – who pushed the net zero commitment through the House of Commons
The idea that we face a certain recession has been drummed into our heads for months. The Bank of England recently produced a graph showing recession lasting into 2024. Just yesterday, the International Monetary Fund repeated its assertion that Britain faces an especially gloomy 2023, with recession inevitable – while simultaneously upsetting the House of
Labour feels strongly on the NHS – you can tell that by the number of times Keir Starmer brings up the NHS during Prime Minister’s questions, which he did again today. Historically, the NHS has always been a weak point for the Conservatives. In spite of granting the health service ever more resources, come election
The calendar for January is already pock-marked with strike dates for railway workers, ambulance staff, postal workers and others. But does the current situation really deserve to be compared with the Winter of Discontent in 1979, when the rubbish piled high in Leicester Square and dead went unburied (as the gravediggers went on strike)? The
With five continuous days of rail strikes this week, it’s beginning to look like we’re reaching an endgame. Someone, or something, has got to give. And it must be becoming gradually clear to the RMT’s Mick Lynch – and the other unions involved – that they won’t necessarily be the ones left standing at the end. They
The best thing that can be said about global economic growth prospects for 2023 is that no-one is expecting very much. On that basis, hopefully, things can only get better. Over the weekend, International Monetary Fund (IMF) managing director Kristalina Georgieva said that she expects a third of the globe to be in recession, including
Unforeseen events which provoke global crises – such as Covid — have come to be known as ‘black swans’. By the same token, the end of 2022 has just been visited by a great big fluffy white swan. Over the past 24 hours the main benchmark for European gas futures – the Dutch Title Transfer
Is there any weather condition which cannot be blamed on anthropogenic global warming (AGW)? No, it seems, judging by the reaction in the US liberal press to the snowstorm which has engulfed much of the US over the past few days. According to Bloomberg it is all down to a loopier-than-normal jet stream, “the kind of
Whatever happened to the economic boom that was supposed to follow the Covid pandemic? The 2020s, some argued, would be like the 1920s, with an economy roaring its way out of recession, to be remembered as a time of unprecedented wealth and opportunity. That is not how things have turned out so far. While economic growth
We’re finishing the year by republishing our ten most popular articles from 2022. Here’s number eight: Ross Clark’s piece from May on the crypto crash. When Britain voted for Brexit, Macron boasted that Paris would eat the City of London’s lunch. It didn’t quite work out that way, with most league tables continuing to put
